Overview

• Zara has announced plans to open a four-story, 40,000-square-foot flagship store in Union Square, replacing its current location at 250 Post Street.
• The new store will occupy a building that has been vacant since 2021, nearly doubling Zara's retail footprint in the area.
• San Francisco Mayor Daniel Lurie praised the expansion as a significant step toward revitalizing the city's downtown retail sector.
• Recent market data from Avison Young indicates a decline in retail vacancy rates in Union Square, suggesting positive momentum for the area.
• The announcement aligns with broader efforts by city leaders and private initiatives to rejuvenate Union Square following years of economic challenges.