Union Square Retail Vacancy Eases to 15% as Uniqlo Returns and $43MM Powell Street Overhaul Nears

San Francisco officials put Union Square's retail vacancy just above 15 percent, down from a pandemic-era peak near 23 percent, yet the district remains more than twice its 2019 level as Uniqlo comes back to Market Street and a roughly $43 million rebuild of Powell Street prepares to start.