"South of Market's sales-tax revenue fell from about $18.5 million to $9.37 million between 2019 and 2025, a drop of some 49 percent, according to data from the San Francisco controller's office."
"Mission Bay's sales-tax revenue rose from about $4.37 million in 2019 to $5.26 million in 2025, indicating a growth of over 20 percent, contrasting sharply with South of Market's decline."
"Henry Karnilowicz, president of the South of Market Business Association, noted that many restaurants are still struggling to attract walk-in customers, highlighting the ongoing challenges faced by the area."
"The lack of foot traffic has started to feel self-perpetuating, as office workers have trickled away from the neighborhood, leading to increased visibility of crime and poverty."
South of Market restaurants face significant challenges in recovering from the COVID-19 pandemic, with sales-tax revenue dropping nearly 49% from 2019 to 2025. In contrast, Mission Bay has seen a 20% increase in sales-tax revenue during the same period. The decline in foot traffic has led to a self-perpetuating cycle of reduced business, as many office workers have shifted to remote work. While some businesses, like bike shops, have fared better, the overall sentiment in South of Market remains one of struggle and uncertainty.
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