San Francisco's Largest Mall Nears Vacancy with Only 25% Occupancy

Retail Exodus Continues as Mall's Value Plummets and Future Remains Uncertain

San Francisco's largest mall, Westfield San Francisco Centre, is now only 25% occupied as retailers continue to leave.
Major retailers such as J. Crew, Madewell, Aldo, and Lucky Brand have recently announced their departure from the mall.
The mall's value has plummeted by $910 million in its most recent appraisal, compared to 2016.
Westfield, the mall's owner, has handed the property back to a bank due to challenging operating conditions in downtown San Francisco.
San Francisco Mayor London Breed has proposed redeveloping the mall into a soccer stadium.