2026
TracedHealth · Annual Report · San Francisco

THE SF
INDEPENDENCE
INDEX

Ranking every San Francisco neighborhood by how much of its food economy is independently owned — and tracking what's changing.

Edition2026 · First Annual
Data SourceTracedHealth DB · Public Records
Coverage19 SF Neighborhoods
MethodologyOwnership · Longevity · Density
A
Highly Independent
75%+ of food businesses independently owned. Strong independent culture. Low chain penetration.
B
Mostly Independent
60–74% independent. Predominantly local but with notable chain presence.
C
Mixed
45–59% independent. Roughly equal split. Chain consolidation visible.
D
Chain Dominant
30–44% independent. Chains and corporate operators outnumber locals.
F
Heavily Chained
Under 30% independent. Financial district / tourist corridor territory.
54%
SF average
independence rate
across all neighborhoods
-8pts
Change since 2019
Covid + rising rents
accelerated chain entry
3
Neighborhoods with
A grade independence
scores in 2026
2
Neighborhoods that
dropped a full grade
in the past 3 years

2026 RANKINGS

Independence score weighted by ownership type, business longevity, and PE/conglomerate penetration. See methodology below.
1
Outer SunsetOcean Beach · Irving St · Judah St
82% independent
12% chain
6% PE/conglomerate
A
2
Bernal HeightsCortland Ave · Mission St
79% independent
14% chain
7% PE/conglomerate
A
3
Mission DistrictValencia St · 24th St · Mission St
75% independent
16% chain
9% PE/conglomerate
A
4
Inner RichmondClement St · Geary Blvd
72% independent
18% chain
10% PE/conglomerate
B
5
Noe Valley24th St · Church St
68% independent
20% chain
12% PE/conglomerate
B
6
Hayes ValleyHayes St · Octavia Blvd
64% independent
22% chain
14% PE/conglomerate
B
7
North BeachColumbus Ave · Broadway
61% independent
24% chain
15% PE/conglomerate
B
8
Castro / Upper MarketCastro St · 18th St
58% independent
26% chain
16% PE/conglomerate
C
9
Haight-AshburyHaight St · Cole St
55% independent
28% chain
17% PE/conglomerate
C
10
Pacific Heights / FillmoreFillmore St · Sacramento St · California St
52% independent
28% chain
20% PE/conglomerate
C
11
Lower HaightHaight St · Fillmore St
53% independent
29% chain
18% PE/conglomerate
C
12
Tenderloin / Civic CenterLarkin St · Polk St
48% independent
32% chain
20% PE/conglomerate
C
13
Marina / Cow HollowChestnut St · Union St
45% independent
34% chain
21% PE/conglomerate
C
14
SoMaFolsom St · Howard St · Brannan St
41% independent
36% chain
23% PE/conglomerate
D
15
Embarcadero / WaterfrontFerry Building · Pier 39
38% independent
38% chain
24% PE/conglomerate
D
16
Union SquarePowell St · Geary St · Market St
32% independent
40% chain
28% PE/conglomerate
D
17
Financial DistrictMontgomery St · California St
26% independent
44% chain
30% PE/conglomerate
F
18
Fisherman's WharfBeach St · Jefferson St
22% independent
46% chain
32% PE/conglomerate
F
19
Stonestown / West Portal19th Ave · West Portal Ave
19% independent
48% chain
33% PE/conglomerate
F
A
Outer Sunset
SF's Most Independent Neighborhood · #1 Overall
82%
Independent
31
Avg. yrs in biz
6%
PE / Corp
Andytown Coffee Roasters
Indep. · 2014
Outerlands Restaurant
Indep. · 2009
Thanh Long
Family · 1971
Starbucks (Noriega St)
Corp · NYSE
The Sunset's fog belt geography has historically slowed chain investment. High residential density and multi-generational family businesses — particularly in the Asian-American community — give it structural independence advantages the rest of SF lacks.
B
Hayes Valley
Most Independent Per Sq Ft · #6 Overall
64%
Independent
8
Avg. yrs in biz
14%
PE / Corp
Ritual Coffee (Hayes St)
Indep. · 2005
Rich Table
Indep. · 2012
20th Century Café
Indep. · 2013
Sweetgreen
NYSE:SG · 2021
Hayes Valley scores high on independence density but low on business longevity — most independents here opened post-2010. The neighborhood's desirability creates rent pressure that will likely test these numbers in future editions.
F
Financial District
Lowest Independence Score · #16 Overall
26%
Independent
4
Avg. yrs in biz
30%
PE / Corp
Peet's Coffee
JAB Holding · 2012
Sweetgreen
NYSE:SG
McDonald's
NYSE:MCD
Starbucks
NASDAQ:SBUX
The FiDi's captive lunch audience and high turnover make it the most valuable chain territory in SF. Post-pandemic hybrid work schedules hit independent businesses harder than chains — nationals with large real estate teams negotiated favorable terms through the vacancy window.

HOW WE
SCORE IT

The Independence Index score combines four weighted factors. Raw counts of independent vs. chain businesses are a starting point — but a 40-year family business and a venture-backed startup opened last year both count as "independent" by ownership. The methodology accounts for this.

PE-backed and conglomerate-owned businesses receive a negative weight — they're not just "not independent," they represent active chain consolidation. A neighborhood with 20% PE-owned businesses scores significantly worse than one with 20% national franchise chains.

40%

Ownership Independence Rate

Raw percentage of food businesses with no private equity, conglomerate, or publicly-traded corporate ownership. Sole proprietor, partnership, and small LLC structures score highest.

25%

Business Longevity

Average years in business for independent operators in the neighborhood. Long-standing independents score higher than recently-opened ones. Proxies for community embeddedness.

20%

PE / Conglomerate Penetration

Percentage of businesses owned by private equity or publicly-traded conglomerates. Weighted negatively — high PE penetration is the strongest predictor of further consolidation.

15%

Independence Density

Number of independent businesses per square mile. High-density independent districts — like Hayes Valley's small geographic footprint — score better than dispersed independence.

EVERY BUSINESS
IN TRACED IS LIVE

Search any San Francisco restaurant, café, or grocery on TracedHealth to see the full ownership record — independent status, acquisition history, and what changed when the ownership did.

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