Union Square retail exodus (2020-2021)
The pandemic emptied downtown San Francisco's offices and streets, and storefronts around Union Square went dark. Uniqlo shuttered its Powell Street flagship in March 2021, laying off 69 employees.
The Union Square area's vacancy rate was still around 30% in October 2025, according to the San Francisco Standard.
The exodus pushed the city to court landlords and brands with move-in grants and pop-up programs.
The same forces Uniqlo fled, empty offices and weak foot traffic, are what the October opening is testing.
