Two-Person City Leasing Team Logs 78 Deals as Lease Risks Mount
Small Business Commission • San FranciscoSeptember 28, 2026
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San Francisco's retail vacancy rate has fallen to its lowest level since 2023, but the Office of Small Business warned the Small Business Commission on Sept. 28, 2026, that the leases small tenants sign are getting riskier. The commission unanimously added eight neighborhood institutions to the Legacy Business Registry. Commissioners also got an early look at bills that would give workers a path to buy the businesses that employ them.
78 lease signings, up 47%, for a two-person city leasing team as citywide retail vacancy hits 5.8%
Staff flag one-way renewal options and near-universal personal guarantees in small business leases
Eight businesses join Legacy Registry, 6-0, including a pharmacy founded in 1906
Planners pitch a citywide cultural heritage survey covering about 120,000 parcels but struggle to reach merchants
Worker buyout rights, home-kitchen restaurants and tenant organizing bills are headed to the commission
Why it matters: Citywide retail vacancy fell to 5.8%, according to CoStar data presented by staff. Yet the terms small tenants sign can decide whether a family business survives. The city's leasing help runs on two employees.
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