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Things you find on a restaurant site visit in Lowell, MA. If you know, you know. LAND AND SEA REAL ESTATE, INC. JoAnn Kalogianis Spaneas #realestate #commercialrealestate #cre #restaurant #restaurantlease #retail #retailleasing #commercialleasing #demoulas #marketbasket #Lowell #oldschool #greekamerican

What's cooking in American shopping malls? Restaurants occupy more space than ever: "In the glory days of the American mall, you were likely flipping a coin with your friends to decide between Panda Express and Sbarro. But as retail has changed, so too has the restaurant scene, per CNN. While we’d be lying if we said anything could top a warm Auntie Anne’s pretzel, today’s mall food is not only upping the quality — it’s also increasing the square footage. Restaurants have broken out of the food court, with the total mall space dedicated to food amounting to 15%-20%, up from 5% in the ‘90s. "And the restaurants themselves are changing, too. Local chains, global cuisines, and entertainment dining concepts are moving in, attracting shoppers to restaurants as the main attraction rather than an afterthought. Given that ~150 enclosed malls have shuttered in the US since 2008, this restaurant resurgence might be just what the landlord ordered." https://lnkd.in/gxgbc-Hm

The restaurant sector is now a dominant force in retail real estate, as Americans’ dining habits shift dramatically. According to The Wall Street Journal, food services accounted for over 19% of all retail leases last year, marking the highest proportion tracked by CoStar Group since 2007. This surge in restaurant activity reflects broader trends such as increased dining out, boosted by low unemployment, rising wages and the growing popularity of “foodie culture.” The rebound in leasing has significantly contributed to the sector's robust recovery post-pandemic. While dining out expenses dropped during 2020, spending quickly rebounded, with total restaurant sales expected to surpass $1.1 trillion this year. High-profile chains like Chipotle Mexican Grill are capitalizing on this trend, opening numerous new locations and integrating features like drive-through lanes to cater to changing consumer behaviors. Despite some challenges, such as rising operational costs and slowing growth for certain brands, the overall restaurant industry remains resilient and continues to thrive. Take a bite out of all the details below:

In the glory days of the American mall, you were likely flipping a coin with your friends to decide between Panda Express and Sbarro. But as retail has changed, so too has the restaurant scene, per CNN. While we’d be lying if we said anything could top a warm Auntie Anne’s pretzel, today’s mall food is not only upping the quality — it’s also increasing the square footage. Restaurants have broken out of the food court, with the total mall space dedicated to food amounting to 15%-20%, up from 5% in the ‘90s. And the restaurants themselves are changing, too. Local chains, global cuisines, and entertainment dining concepts are moving in, attracting shoppers to restaurants as the main attraction rather than an afterthought. Given that ~150 enclosed malls have shuttered in the US since 2008, this restaurant resurgence might be just what the landlord ordered.

Transforming restaurant and retail dreams into reality, one build at a time. #RestaurantDevelopment #CommercialRealEstate #RestaurantSpaces #CREdevelopment #PropertyDevelopment #InvestmentOpportunity #UrbanDevelopment #RealEstateInvesting #DevelopmentProjects #CREInvesting #CommercialConstruction #BuildingProjects #ConstructionIndustry #DevelopmentSites #ConstructionManagement

What do stadium-goers' dining and shopping habits tell us? Hear from Ethan Chernofsky in the latest weekly brief for an update on the significant retail opportunity associated with stadiums, and discover why location intelligence could be the key to tapping into it. #advertising #consumerinsights #retail

Summer street banners are up at Belleview Station! Street banners are a great way to define a neighborhood, advertise happenings, layer in a placemaking element, and add district branding.We rotate the banner series in the Belleview Station neighborhood seasonally, helping to highlight the district verticals of shopping, dining, services, and events.  #districtmarketing #belleviewstation #denvermarketing

🍗 CHICKEN SHOP FOR SALE - VIC Location, Location, Location. With bay views out the front windows and curbside dining, this peninsula chicken shop is not to be missed. As an owner operator or first time venture, this business has the options to either continue the current trade or switch it up to bring in a new flair and branding. Hot points are: • Beach frontage with bay views. • Huge potential to grow into a multi offering establishment. • Solid lease & rent. • Potential for bar and/or coffee set up. • Large customer base. Currently running as a takeaway chicken hotspot, this business offers both front access exposure as well as rear exposure to the busy local shopping plaza. Flip into a bar while utilizing the front alleyway for more seating or create a coffee area, the options are limitless. View the full listing here: https://lnkd.in/g7QE837A #vic #forsale #businessopportunity #businessowner #buyabusiness #hospitality

San Francisco Business Times: New downtown S.F. restaurant openings are outpacing closures, report finds In 2022 and 2023, the downtown area saw a notable increase in food and beverage businesses, with over twice as many openings as closures, based on a survey by the Downtown SF Partnership, which covers 43 blocks across the Financial District and Jackson Square. The report highlights the opening of 22 new businesses against 10 closures, indicating a positive shift towards downtown's appeal for dining and socializing post-pandemic. The survey, informed by two years of data and analytics from Placer.ai, recorded 29 new ground-floor businesses, 22 of which are in the food and beverage sector, including a variety of restaurants, cafes, and specialty food spots. Robbie Silver, the Partnership's Executive Director, expresses optimism for continued growth in dining, hospitality, arts, and culture. The report also details an initiative to transform downtown into a destination, reinforcing its potential as a nightlife hub, with sit-down restaurants and bars making up a significant portion of the area's 138 restaurants. Link to full article: https://lnkd.in/dJT3rpZz #DowntownSF #DowntownSanFrancisco #EconomicDevelopment #Report #EconomicRecovery #Hospitality #Events #Community #PublicRealm

We were happy to offer some of our insights into changing consumer trends and the restaurant industry for Kate King's latest The Wall Street Journal piece. Shout out to Matt Lougee (President, Capital Markets) for the quote. A few years post-pandemic, the #restaurant industry is now seeing robust #retail #leasing and sales on track to top $1.1 trillion in 2024 – 5.4% higher than 2023's record high. https://lnkd.in/gDswVEdU