Oasis Grill Closes Longtime 1st Street Location
The San Francisco restaurant shut its doors after the landlord declined to renew the lease.
Updated on Oct. 30, 2026 in Openings & Closings
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Oasis Grill has officially closed its location on 1st Street following the expiration of its lease. The landlord, Kilroy Realty, decided not to renew the agreement in favor of bringing in a new tenant.
Why it matters
Kilroy Realty sought higher rent payments for the commercial space, leading to the decision to transition the property to a different restaurant operator. This move ends a nearly 30-year run for the establishment at this specific location.
The 1st Street location underwent a $2 million renovation in 2015 to modernize the interior. Oasis Grill continues to maintain operations at three other sites across San Francisco.
The players
Oasis Grill
A restaurant chain that continues to operate three other locations in San Francisco.
Kilroy Realty
A real estate investment trust that serves as the landlord for the 1st Street property.
The details
The owners operated at the site since 1999 and had invested significantly in the property's infrastructure over the decades. Despite these updates, the landlord showed the space to prospective tenants earlier in 2026 before finalizing a new lease.
Timeline
The restaurant business began operating in 1999.
Renovations for the 1st Street location were completed in 2015.
The lease for the space officially expired in October 2026.
The 1st Street location permanently closed on October 29, 2026.
Market Landscape
This closure reflects the broader trend of rising commercial rent prices forcing out long-term tenants in prime San Francisco districts. It highlights the competitive nature of urban real estate where landlords prioritize maximizing yields with new restaurant concepts.
Patrons who frequented the 1st Street location will need to visit one of the three remaining Oasis Grill sites to continue accessing the menu. The closure marks the end of a long-standing dining option in this specific neighborhood.
The takeaway
Commercial lease expirations remain a primary driver of restaurant turnover in dense urban environments like San Francisco. Business owners should maintain proactive communication with landlords well before lease terms end to negotiate potential renewals or relocation strategies.
Further reading
For more on changes to the local culinary scene, visit San Francisco Openings & Closings.
Source note: This article includes information reported by The San Francisco Standard.
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