08/04/2021

Vacancy glut in SF could spur tax on empty storefronts

Under Peskin’s proposal, owners of commercial properties in Neighborhood Commercial Districts — areas where stores and services are clustered — that are vacant for more than six months would face a fine of at least $250 per day. And while storefronts are the visible face of the long-term vacancy problem, Peskin wants to target residential properties as well. Landlords with three or more units that are vacant for six months would also pay $250 per unit per day until the unit is leased.

The Board of Supervisors would need to approve Peskin’s plan to place it on the November ballot, where it would need to pass by a two-thirds vote to become law.

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