The Real Estate Division is responsible for all asset management, property and lease management, marketing and leasing for the Port's commercial and industrial property along the 7.5 miles of San Francisco's waterfront properties that extends from Fisherman's Wharf to Heron's Head Park (Pier 96). The Port has over 560 commercial and industrial tenants, representing 20.6 million square feet of occupied space and approximately $52.3 million in annual revenue. This does not include leases to maritime tenants managed by the Maritime Division. Real Estate asset and property management duties entail lease negotiations, lease and property administration and enforcement, and asset value enhancement.
The Port’s Retail Leasing Policy provides entrepreneurs who wish to develop and operate a business along the San Francisco waterfront an opportunity to bid on retail lease opportunities. This policy also permits the Port and its successful, existing retail operators to enter into new leases under specified conditions. Retail opportunities will be available only at locations deemed appropriate for retail activity in accordance with the Port’s Waterfront Land Use Plan, as it may be amended from time to time.
Businesses on Port property include uses such as restaurants, galleries, ship chandleries, souvenir shops, food and beverage sales, clothing and apparel shops, on-going special event venues and visitor-serving excursion operators. The Port enjoys a diverse mix of retail uses that serve the public and are consistent with the Burton Act and the public trust for navigation, commerce and fisheries.
Lease revenues are essential for funding the Port’s operating and capital budget, which support the Port’s public trust maritime mission. The Port’s retail tenancies also provide business opportunities for local merchants and employment opportunities for San Francisco residents.
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