Include an anchor that drives foot traffic to the district, and an anchor could be a fullservice Grocery Store or another large retailer or it could be a cluster of smaller stores, related Retail Stores or restaurants; some sort of use thats a little cluster. Other businesses in a healthy mix include restaurants, nightlife and entertainment that compliment retail sales and provide gathering spaces for potential customers and potential services and Fitness Centers that provide needed services and also help to draw foot traffic. Professional Services Provide needed services in an officelike setting directly to the general public, but even uses like office and housing that may not serve the general public help generate foot traffic and the demand for retail and ncds. So what all this means, diversifying the mixes in an ncd so that retailers can support their customer base, is it should include a range of storefront sizes, and storefronts should be designed to adaptablity, and be able to s
So what all this means, diversifying the mixes in an ncd so that retailers can support their customer base, is it should include a range of storefront sizes, and storefronts should be designed to adaptablity, and be able to serve a wide set of uses. It also means that the office uses that that are not open to the general public could be located off the ground floor or on the periphery of an ncd. Limiting ground floor retail requirements for new development to the strongest locations for retail could also help reduce potential vacancies. So we talks a lot weve heard a lot today about vacancies and the work that we did suggests that limiting ground floor retail requirements could help to reduce those vacancies in the future. The final conclusion for our study is around experiencetial retail and the people visiting our entities. By offering a fun dining and shopping experience, ncds can help to draw foot traffic. That means continuing to maintain and enhance the public realm is criticizin
Storefronts are vai cants or abandoned. A number we thought would be relatively easy to get. But it was not in a number of reports and measures made by both city agencies and, of course, private sector real estate companies. But none of them capture the totality of all commercial buildings and storefronts and their vacancy rates. We can get certainly a lot of information about downtown commercial properties and their van can si rates and we can get commercial spaces throughout the city that are not receiving mail. The office of economic and Workforce Development does just commercial storefronts. But for 24 commercial corridors only. So, it is still not the citywide rate. On this chart, you can see some of the rates that are reported and tracked. Oewd reported 5 as a whole for the 24 quarters they track. 8. 2 by the city controller for commercial vacancies downtown in 2016. And the u. S. Postal service, as i mentioned, which reports all commercial addresses that are not receiving mail f
For way toss appeal to this increased emphasis on experience by doing things like Holding Classes and events or serving food and drinks in a retail location. And on the slides here, we have a couple of examples of this in San Francisco the retailers. On the left is a store called byrd and beckett with a music event. It is a record and bookstore. And on the right is san francycle with another event where people are encourage to come from the event, but these types of veterans draw in shoppers and hopefully also to purchase. Well, so then im going to move on to the impact of these National Trends on San Francisco retail. And im going to start with the good news first. The good news is that San Francisco San Francisco has been somewhat insulated from the National Trends in retail and this sufferst buffering is in part due to our many competitive advantages in San Francisco. And these are and these advantages include the really strong economy, a local cull thursday that places high value o
Questions you might have. Thank you. Thank you very much for that overview. I know that our office work add lot on the registry issue. Given that a law was passed but we also noticed that it wasnt really updated as well. And i think as we go on into our other presentations, one of my observations now is that even if we were to have this wonderfully filled database of all the vacancis that that still might not address the issues that were dealing with in terms of the changing nature of retail. I really like the suggestions that were offered in this report. Supervisor fewer . Thank you very much. I just have one question. You mentioned that the city of chicago charges a vacancy property Registration Fee every since months if property is vai cants with higher fees charged if the property is reported by complaint rather than selfreported by the owner. Cefjs im wondering has the city of chicago spaoefrntion add decline in vacant store fronts since it has implemented higher fees and properti