Economic Forecast 2023: Hospitality angling for a comeback - San Francisco Business Times

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Will 2023 see a downtown revival or a continued pessimism of the previous year?

Editor’s note: This hospitality preview is part of our Economic Forecast 2023. In the first issue of each calendar year, the Business Times looks at the trends and people likely to make the news in key economic sectors over the 12 months to come.Rodriguez is not the mayor of San Francisco nor the chief of police, but she’ll be the face of business response if retail theft blitzes return to Union Square like they did one year ago and foot traffic doesn’t.

A recent analyst confided they’re scared by Twitter’s workforce reduction and the potential for other companies to pull back their office presence in the area. They still see the corridor as 10 years away, and the possibility that developers see better upside along Van Ness Avenue corridor after the conclusion at long last of construction for the rapid bus lane project.

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Commercial real estate economic forecast 2023 - San Francisco Business TimesThe people, projects and commercial real estate trends to keep an eye on in 2023.
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