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The death of San Francisco's Market Street

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Why This Matters

The decline of San Francisco's Market Street highlights the profound impact of urban planning, economic shifts, and social issues on city centers. This transformation underscores the challenges faced by modern cities in adapting to remote work, safety concerns, and changing transportation policies, which have significant implications for urban development and the tech industry's role in city revitalization.

Key Takeaways

I still remember the first time I set foot on Market Street. I was a freshman in college, and big cities were still a very new thing to me. It felt like I was swimming through an ocean of foot traffic; the towering shops and hotels seemed like they were built by giants.

That Market Street is gone now. In its place is a giant empty field of asphalt in the center of San Francisco — a desolate gray waste baking in the sun, empty except for the occasional bus and a tiny smattering of bicycles.

On either side of this yawning wasteland are giant sidewalks with only a few pedestrians, boarded-up stores, and the occasional small, sad retail chain. At midday on a Monday, what was once the bustling commercial heart of San Francisco feels abandoned.

What happened? In fact, Market Street was destroyed by several things:

The city’s decision to close the street to cars (but not buses), enacted in 2019 The crime wave of the early 2020s The pandemic, and the shift to remote work

The second and third of these, together, are known as the “Doom Loop”. It’s been talked about a lot, so let’s just cover it briefly.

The pandemic, and the economic and social changes it brought, came out of the blue. But San Francisco was particularly vulnerable to the shock. As in many American cities, 20th century urban planning and zoning rules concentrated office buildings in the downtown area and put housing farther out. This meant that once people stopped going downtown for work, the neighborhood was just a lot more empty, because almost no one lives there. This is in contrast to big cities in Europe and Asia, where downtown neighborhoods are typically mixed-use. (SF also had a stronger shift to remote work, because of the heavy presence of the tech industry.)

The crime wave was another shock. Although SF escaped the destructive rioting that hit other West Coast cities like Seattle, Portland, and Los Angeles in 2020, it had plenty of looting in downtown areas — especially around Union Square and the San Francisco Centre mall on Market Street. Even after the pandemic ended, San Francisco suffered especially hard from the statewide wave of “smash-and-grab” store thefts. It got so bad that American Eagle actually sued the San Francisco Centre for being negligent toward crime, reporting over 100 serious incidents of violence and harassment in its downtown store.

Crime and emptiness fed on each other. Less foot traffic meant fewer “eyes on the street” to discourage property crime. Property crime and reduced foot traffic forced stores to close. Fewer stores meant less foot traffic, and so on. The collapse of downtown culminated in January 2026 with the closure of the San Francisco Centre, the iconic mall that had formed the commercial heart of Market Street, but which had been gutted by the Doom Loop. It now stands as a looming, empty, boarded-up structure dominating the area around the Powell Street train station:

The intersection of Powell Street and Market Street, once bustling and alive with tourists, shoppers, and street vendors, is now virtually empty, except for a forlorn line of people waiting to get on the iconic streetcar:

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