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Keyword: sanfranciscocenter

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  • Blue city’s largest mall now 93% vacant as value plunges $1 billion over the past decade

    09/18/2025 4:23:33 AM PDT · by fluorescence · 21 replies
    Fox Business ^ | Sophia Compton
    The largest shopping mall in San Francisco is now reportedly 93% vacant and has seen its value plunge by 25% over the past year, as high rents and retail crime continue to batter the Northern California city. A new appraisal has slashed the value of San Francisco Centre, located at 865 Market Street, to $195 million, which is a 25% decrease since August 2024 and more than $1 billion below its valuation in 2016, the San Francisco Chronicle reported, citing research from Morningstar. The 1.4 million-square-foot mall has become largely deserted, with 93% of its property now empty, according to...