{"id":1971084,"date":"2023-07-12T17:11:01","date_gmt":"2023-07-12T21:11:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/127-year-old-brewery-is-latest-business-to-ditch-san-francisco\/"},"modified":"2023-07-12T17:12:09","modified_gmt":"2023-07-12T21:12:09","slug":"127-year-old-brewery-is-latest-business-to-ditch-san-francisco","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/127-year-old-brewery-is-latest-business-to-ditch-san-francisco\/","title":{"rendered":"127-Year-Old Brewery Joins San Francisco Exodus"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">12<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F127-year-old-brewery-is-latest-business-to-ditch-san-francisco%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1971084&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div>\n<h2>A Historic Brewery Closes its Doors in San Francisco<\/h2>\n<p>A nearly 130-year-old brewery is the latest business to call it quits in San Francisco, which is seeing <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/127-year-old-brewery-is-latest-business-to-ditch-san-francisco\/\" title=\"127-Year-Old Brewery Joins San Francisco Exodus\">businesses flee amid widespread crime<\/a> and homelessness.<\/p>\n<p>Anchor Brewing Company, which calls itself America&#8217;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.<\/p>\n<blockquote>\n<p>&#8220;The inflationary impact of product costs in San Francisco is one factor,&#8221; spokesman Sam Singer <a href=\"https:\/\/www.sfgate.com\/food\/article\/anchor-brewing-company-ceasing-operations-18196509.php\">said<\/a>. &#8220;The impacts of the pandemic, inflation, especially in San Francisco, and a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/127-year-old-beer-industry-stalwart-unable-to-survive-bidens-economy-forced-to-shut-down\/\" title=\"127-Year-Old Beer Industry Veteran Succumbs to Biden's Economy, Forced to Close\">highly competitive market left<\/a> the company with no option but to make this sad decision to cease operations.&#8221;<\/p>\n<\/blockquote>\n<h3>A Growing Trend of Businesses Leaving San Francisco<\/h3>\n<p>Fleeing businesses is not a new phenomenon in the California city. Office vacancies in San Francisco <a href=\"https:\/\/freebeacon.com\/latest-news\/san-francisco-office-vacancy-rate-soars-to-record-high\/\">hit<\/a> a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/they-dont-buy-into-that-at-all-are-far-left-policies-behind-hispanic-voters-rightward-shift\/\" title=\"\u2018They Don\u2019t Buy Into That At All\u2019: Are Far-Left Policies Behind Hispanic Voters\u2019 Rightward Shift?\">record high rate<\/a> in the second quarter this year. Among the companies trying to ditch their office space in the struggling city this quarter <a href=\"https:\/\/www.sfchronicle.com\/sf\/article\/s-f-office-vacancy-record-empty-18171785.php?utm_source=marketing&#038;utm_medium=copy-url-link&#038;utm_campaign=article-share&#038;hash=aHR0cHM6Ly93d3cuc2ZjaHJvbmljbGUuY29tL3NmL2FydGljbGUvcy1mLW9mZmljZS12YWNhbmN5LXJlY29yZC1lbXB0eS0xODE3MTc4NS5waHA%3D&#038;time=MTY4NzkzOTE2MTcwOA%3D%3D&#038;rid=YjBhNzE5YWEtNTg1Ny00ZjFhLWFhOTAtZTVmM2Y3MGFjNTYy&#038;sharecount=MQ%3D%3D\">were<\/a> Uber, Airbnb, and Salesforce.<\/p>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/san-francisco-office-vacancy-rate-soars-to-record-high\/\" title=\"San Francisco office vacancy rate hits all-time high.\">vacancy rate hit 31<\/a>.8 percent in the second quarter, which continues a three-year trend of the market&#8217;s downturn. In just three months this year, 1.9 million square feet of office space was added to the market, the <em>San Francisco Chronicle<\/em> <a href=\"https:\/\/www.sfchronicle.com\/sf\/article\/s-f-office-vacancy-record-empty-18171785.php?utm_source=marketing&#038;utm_medium=copy-url-link&#038;utm_campaign=article-share&#038;hash=aHR0cHM6Ly93d3cuc2ZjaHJvbmljbGUuY29tL3NmL2FydGljbGUvcy1mLW9mZmljZS12YWNhbmN5LXJlY29yZC1lbXB0eS0xODE3MTc4NS5waHA%3D&#038;time=MTY4NzkzOTE2MTcwOA%3D%3D&#038;rid=YjBhNzE5YWEtNTg1Ny00ZjFhLWFhOTAtZTVmM2Y3MGFjNTYy&#038;sharecount=MQ%3D%3D\">reported<\/a>.<\/p>\n<h3>Crime and Homelessness Contribute to Business Closures<\/h3>\n<p>Many businesses have cited crime and homelessness in their decision to close up shop. Homicides in San Francisco have <a href=\"https:\/\/freebeacon.com\/politics\/tens-of-thousands-flee-san-francisco-as-liberal-leaders-struggle-with-crime-and-homelessness\/\" target=\"_blank\" rel=\"noopener\">increased<\/a> nearly 40 percent from 2020 to 2022 and deaths from fentanyl have <a href=\"https:\/\/freebeacon.com\/california\/california-dems-go-easy-on-fentanyl-dealers-as-overdose-deaths-spike\/\" target=\"_blank\" rel=\"noopener\">spiked<\/a>.<\/p>\n<p>Old Navy announced in May it will <a href=\"https:\/\/freebeacon.com\/latest-news\/old-navy-closes-flagship-store-in-san-francisco-amid-wave-of-retail-theft\/\">close<\/a> its flagship store. Whole Foods and Nordstrom have <a href=\"https:\/\/freebeacon.com\/california\/nordstrom-saks-become-latest-high-end-companies-to-flee-crime-ridden-san-francisco\/\">shuttered<\/a> businesses in the city over safety concerns. The latter&#8217;s exit is <a href=\"https:\/\/nypost.com\/2023\/05\/24\/nordstrom-axes-380-jobs-as-it-prepares-to-shutter-san-francisco-stores\/\">costing<\/a> the city 380 jobs. The downtown area of the city has <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12101001\/Crime-ridden-San-Francisco-lost-HALF-downtown-stores-COVID-hit-95-shuttering.html\">lost<\/a> half of its businesses since the start of the pandemic.<\/p>\n<h3>Struggles in the Hospitality Industry<\/h3>\n<p>Hotels across the city are also <a href=\"https:\/\/freebeacon.com\/california\/hotels-are-dumping-property-in-san-francisco-as-tourists-shun-crime-ridden-city\/\">closing<\/a> as they fail to recover like others have in comparable markets. Revenue per available room was 23 percent lower in April than during the same time in 2019, while hotels in New York City and Los Angeles are exceeding their 2019 metrics, the <em>Wall Street Journal<\/em> <a href=\"https:\/\/www.wsj.com\/articles\/hotel-owners-start-to-write-off-san-francisco-as-business-nosedives-e84c64ef\">reported<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A 130-year-old brewery, Anchor Brewing Company, is shutting down in San Francisco due to rising crime, homelessness, inflation, and the ongoing pandemic. Being America&#8217;s first craft brewery, it joins the growing list of businesses leaving the city. Since its establishment in 1896, the brewery has decided to close its doors.<\/p>\n","protected":false},"author":1613,"featured_media":1971085,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-1971084","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1971084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1613"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1971084"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1971084\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1971085"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1971084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1971084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1971084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}