127-year-old-brewery-is-latest-business-to-ditch-san-francisco

A nearly 130-year-old brewery is the latest business to call it quits in San Francisco, which is seeing businesses flee amid widespread crime and homelessness. Anchor Brewing Company, which calls itself America's first craft brewery, is closing its doors in the city after first opening them in 1896. Its owners cited inflation and lingering pandemic impacts.
"The inflationary impact of product costs in San Francisco is one factor," spokesman Sam Singer said. "The impacts of the pandemic, inflation, especially in San Francisco, and a highly competitive market left the company with no option but to make this sad decision to cease operations."
Fleeing businesses is not a new phenomenon in the California city. Office vacancies in San Francisco hit a record high rate in the second quarter this year. Among the companies trying to ditch their office space in the struggling city this quarter were Uber, Airbnb, and Salesforce.
The vacancy rate hit 31.8 percent in the second quarter, which continues a three-year trend of the market's downturn. In just three months this year, 1.9 million square feet of office space was added to the market, the San Francisco Chronicle reported.