Most of the interesting bars and restaurants in SF are closing as we speak. As the pandemic drags on expect it will continue. Who do you think will have the money to replace these places?
Investors, like always. Do you think its mom and pop opening a bar with smoke infused cocktails in SF, or anywhere else for that matter where commercial rent has been astoundingly high for decades now? Investors will buy back in once it makes sense economically. Restaurant turnover is typical.
Right investors who open cookie cutter hipster bars that exist in every other city. The unique bars and restaurants in SF that have been there for decades are dying and they won’t come back.
