Saks Fifth Avenue is expected to close for good in San Francisco's Union Square after operating in the area since 1997.

While Saks has been a fixture on the corner of Post and Powell since 1997, retail real estate experts say the store's departure isn't a sign of the trend they're seeing downtown.

Saks Fifth Avenue is joining the list of long-standing businesses leaving San Francisco’s Union Square. A wave of financial strain is sweeping through Florida’s condominium market, pushing owners to the breaking point and flooding the state with for-sale signs.