Starbucks Closing in San Diego
I know this isn’t directly related to real estate but I found it interesting and it will have some impact on retail commercial real estate in San Diego and many other parts of the country. Here is a list of Starbucks in San Diego County that are going to close. Is this a sign of a recession? Don’t you get tired of all the media talking about the possibility of a recession? Lets face it, were in a very bad economic time and the closing of 600 Starbucks is a good example of people thinking twice about spending $5 a day on coffee. I guess it’s back to the instant coffee for a while!
Even as much as I love going to Starbucks (occasionally) I found that the number of Starbucks you would find in some areas was a little bit of an over kill. I live in Downtown San Diego and 4 of the Starbucks closing on this list are in the downtown San Diego area. I can think of 11 locations in about a 16 block radius in the downtown San Diego area.
Below you will find the list of Starbucks closing in San Diego. Starbucks will manage to survive and do just fine as we get past this bad economic time but it is interesting to see how so many people are cutting out expenses like this.
6556 3RD & H ST 3037 H ST CHULA VISTA CA
11223 OTAY RANCH TOWN CENTER 2015 BIRCH RD CHULA VISTA CA
551 MIRA MESA 9450 MIRA MESA BLVD SAN DIEGO CA
5637 MISSION GORGE RD 6171 MISSION GORGE SAN DIEGO CA
6514 1ST & MARKET 101 MARKET ST SAN DIEGO CA
6592 COLLEGE & LINDO PESSO 5131 COLLEGE AVE SAN DIEGO CA
6726 EUCLID AVE & FEDERAL BLVD 1722 EUCLID AVE SAN DIEGO CA
6818 UNIVERSITY & ARAGON 6511 UNIVERSITY AVE SAN DIEGO CA
9471 30TH ST & EL CAJON 2990 EL CAJON BLVD SAN DIEGO CA
9583 NATIONAL & 36TH 3582 NATIONAL AVE SAN DIEGO CA
10631 PARK & UNIVERSITY 3830 PARK BLVD SAN DIEGO CA
11837 11TH & C 1122 BROADWAY AVE SAN DIEGO CA
For a complete list of Starbucks closing and to find out if your favorite Starbucks will be closing in your area please view the complete list here.
July 19th, 2008 at 7:07 am
I will remain a Starbucks fan!
July 21st, 2008 at 12:29 pm
ya im also a fan, i have a sunday afternoon starbucks ritual… and what is even more sad is that more and more people are loosing their jobs…
July 22nd, 2008 at 12:50 am
Quite a few across the country are closing, lost jobs, not good. I heard this story last week on the news, what will this mean to real estate I wonder.
July 22nd, 2008 at 6:49 am
The recession is surely setting in. You can see it all around. Unless we can get the demand for the dollar up in the international markets, things are going to move downhill.
July 22nd, 2008 at 9:20 am
There isn’t a recession yet. Actually, this quarter was an improvement over last’s. That is the exact opposite of a recession.
But a lot of people blame starbucks for the bad economy because people are addicted to it and a cup of coffee costs like $4.
July 23rd, 2008 at 2:26 am
same here in our country, Starbucks are closing some of its branches, well as said above, I will still remain a SB addict.
July 24th, 2008 at 9:53 am
everyone says that they will continue to be a Starbucks fan, if the economy really does take a turn Im sure you all will be the first to get off the starbucks boat, this is a luxury item not a necessity! I quit sure you will all still be around and you will find another way to get yoru fix if things really started to turn. they havent turned yet but they still have a chance.
July 24th, 2008 at 3:46 pm
I believe the recession that we are in currently is the result of the excesses of the past. I mean how many starbucks can a small town support. Where I live there are two starbucks within a two mile radius and while they may have done fine when the economy was booming, they are all having a tough time now. But the key to remember is that this too shall pass. Owners of these places need to re-tool their business practices and get more customers to their doors using creativity and smart pricing. If Southwest airlines can have their sixtyfirst continuous quarter of profit, others can do the same. Everyone needs to put on their thinking cap and start thinking positive now. Thank you, Sir.
July 25th, 2008 at 6:05 am
Starbucks all the way!
July 28th, 2008 at 9:33 am
We’ve the same talk of recession in the UK - although I suspect it’s mostly the media wanting something to talk and write about. It seems to me that people are more selective about where they spend their money at the moment - less buying on impulse and more about buying what they need. It’s probably a good thing for consumers though as prices will have to come down in order for companies to make sales!
I think you have a point that Starbucks will do just fine!
July 30th, 2008 at 7:11 am
I don’t know how Starbucks are closing at all. I have an aunt who visits the local starbucks every day and drops almost $4 every single. Maybe they expanded too fast?
July 30th, 2008 at 11:13 am
Yeah I agree- Starbucks overkill one example of the excess that we have had economically. Hopefully with the consolidation and cutbacks of enterprises like this our economy will get some breathing room to make the necessary changes. I, for one am all for a little bit of pruning to facilitate more sustainable and sensible growth. And I don’t think anyone has to worry about not being able to find a latte.
August 1st, 2008 at 9:36 am
Also remember that Mcdonald’s and Dunkin Donuts have both stepped up campaigns for specialty coffee. Their coffee sales are taking away from Starbucks. I usually go to Mcdonald’s as it usually faster.
August 12th, 2008 at 1:15 pm
I agree with Andrew. A lot of people will rather spend 2 minutes getting McDonalds coffee than spend 8+ minutes getting Starbucks.
August 17th, 2008 at 6:15 am
I think it’s because of oli price
am I right??
August 19th, 2008 at 3:18 pm
Starbucks have lots of branches here in our country, in every call center building there’s a Starbucks nearby. I haven’t seen any stall closed for some reasons.