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San Francisco Looks to Delay Vacancy Tax As Virus Keeps Storefronts Closed

City Official Proposes Postponing Tax Punishing Landlords of Empty Retail Space
Retail vacancy rates are expected to rise substantially as a result of extended closings because of the coronavirus pandemic. (Getty Images)
Retail vacancy rates are expected to rise substantially as a result of extended closings because of the coronavirus pandemic. (Getty Images)
CoStar News
April 29, 2020 | 10:21 P.M.

A tax on empty San Francisco storefronts, approved days before the coronavirus pandemic disrupted businesses across the city, could be postponed beyond 2021 as economic losses brought on by the crisis spread.

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News | San Francisco Looks to Delay Vacancy Tax As Virus Keeps Storefronts Closed