Occupier - We ❤️ Leases!’s Post

Updated effective 2024 real estate strategies are pivotal in the restaurant industry. On August 15th, we’ll break down how to make the most of your location choices, buildout decisions, and lease agreements and talk about what growth looks like now. This event will provide you with actionable strategies and expert perspectives to optimize your real estate decisions and drive better results. Sign up here: https://lnkd.in/gpxMsZkr #restaurantindustry #texasevent #restaurateur #restaurant #success #businessadvice

Navigating the world of restaurant leasing – Crafting success in the restaurant world isn't just about finding the perfect space – it's about sealing the deal with terms that set up for prosperity. Whether it's a cozy corner bistro or a urban hotspot, negotiating a win-win lease agreement sets the stage! #RestaurantLeasing #CulinarySpaces #strategicleasing

The restaurant sector is booming, emerging as the hottest segment in retail real estate. As highlighted by Kate King in the The Wall Street Journal, food services made up over 19% of all retail leases last year, the highest proportion since CoStar Group began tracking in 2007. This surge is driven by low unemployment, rising wages, and a growing foodie culture. Federal Realty's focus on exceptional retail destinations in affluent areas aligns perfectly with this trend. Our centers, known for their dynamic environments and top-tier dining options, are thriving as dining out becomes a staple of modern leisure. Restaurant tenants are crucial to our leasing success, enhancing our engaging spaces and attracting substantial foot traffic. Learn more about how our F&B strategy is transforming retail centers in our blog featuring Federal's VP of West Coast Leasing, Christian Irwin: bit.ly/3tFTXbC For details on the WSJ findings, view the original article: on.wsj.com/3Vyd5lR

Leasing a restaurant is a common approach in the industry, offering various advantages for buyers. Here are some key reasons why leasing is the preferred choice for many restaurateurs: Leasing a restaurant offers numerous advantages that make it the preferred choice for many restaurateurs. 🍴 FEATURES: 🏢 Lower Initial Investment: With leasing, you can start your restaurant with a smaller upfront investment compared to purchasing real estate. This makes it a more cost-effective option, allowing you to save money for other business needs. 🌟 Flexibility: In the ever-changing restaurant industry, flexibility is crucial. With leasing, you have the freedom to adapt to market conditions and relocate if needed. This allows you to stay competitive and make strategic business decisions. 🔒 Reduced Risk: By leasing, you shift property-related risks to the landlord. This includes market fluctuations and property maintenance, giving you peace of mind and allowing you to focus on running your restaurant. 📍 Access to Prime Locations: Leasing gives you access to prime locations that may be financially out of reach for purchasing, especially in high-traffic areas. This allows you to attract more customers and increase your chances of success. When considering leasing a restaurant, it's essential to review administrative costs and have a team to support you during negotiations. Understanding all financial obligations is crucial to avoid future financial strain. Interested in leasing a restaurant? Explore opportunities today to benefit from financial flexibility, reduced risk, and access to prime locations while minimizing future financial exposure. #RestaurantLeasing #BusinessDevelopment #FinancialFlexibility #Restaurant #Bar #Cafe

Buying a restaurant versus leasing and building from scratch cuts down your time to launch by a factor of many months. In the restaurant industry, where time is a critical factor that can make or break a business, it’s essential to consider this option. While leasing a brand-new restaurant space that has never been occupied may seem appealing, the reality of hiring a contractor, getting plan approvals, waiting for permitting and more will often involve both lengthy delays and unexpected costs. Check out our article to learn more about Why Buying Existing Restaurants Beats Building from Scratch. Read Now: https://hubs.la/Q02JQcsX0 #WeSellRestaurants #RestaurantTips #BusinessOpportunity

Why are these factors so important, especially in Miami? With prices soaring out of control, restaurant owners face tough challenges. Here's our advice for navigating these turbulent waters: 1️⃣ Find a space that costs less than $100 per square foot. In Miami's competitive market, this ensures affordability while maintaining a desirable location. 2️⃣ Ensure your grease trap is updated and compliant to avoid fines and closing your doors for updates which can take up to 18 months🤯 3️⃣ Opt for second-gen locations to avoid hefty impact fees for changing the designated use of a space, ensuring smoother transactions and quicker openings. 4️⃣ Get creative and consider setting up shop in a hotel or food hall. Leveraging existing foot traffic and amenities can attract customers and enhance brand visibility. 5️⃣  Work out flexible lease agreements, such as percentage-based rent structures or natural break clauses, to adapt to changing market conditions. 6️⃣ Delay lease payments until after obtaining the certificate of use for new construction projects to mitigate financial risk. 7️⃣ Keep rent below 10% of overall revenue to safeguard profitability and weather economic fluctuations. Surviving and thriving in Miami's competitive restaurant landscape demands strategic decision-making and meticulous planning. As a restaurant broker, these insights are invaluable for guiding clients toward sustainable success in the industry. You think you have what it takes to open a restaurant in Miami. F+B has your best interest in mind so DM us and let's talk about it. Do you agree with these tips or have others? Let us know in the comments below!

Is a spacious dining room part of your dream home? Advisory Real Estate Professionals educating, empowering and protecting Silicon Valley Home Sellers and Buyers since 1981. How can we help you plan one of the largest investments of your life?

The restaurant industry, traditionally seen as a high-risk venture with a significant failure rate, is now emerging as a pivotal force in the retail real estate market. With a robust 19% of all retail leases in the past year, the sector commands the largest share since CoStar Group began tracking in 2007. These shifts have significantly increased spending in restaurants, from upscale dining to fast-casual eateries, making it a critical time for property owners and developers. Despite the challenges of the pandemic, restaurant sales are flourishing, with projections to top $1.1 trillion this year. https://lnkd.in/eMzba3Nk Interested in opening a restaurant or expanding your existing concept? Helm Ventures | Commercial Real Estate can help! For more insights and opportunities in the evolving landscape of retail real estate, visit our website at Helm-ventures.com or contact us at allen@helm-ventures.com or jr@helm-ventures.com

The recent turnaround of the restaurant sector, in particular, is a good reminder of the fact that few trends are truly linear, but they are often closely correlated with broader trends such as population demographics. Family size is smaller, and families are starting later in life. This adds up to less demand for Happy Meals and more demand for formal sit-down restaurants. As the pandemic wanes, this also drives an increased demand to get OUT of the house, and for more varied taste experiences. At the same time, in many areas (such as Seattle), you are also seeing a shift towards multi-generational family units, where three or even four generations live under the same roof, especially among Asian (Chinese, Indian, and Vietnamese) immigrants. This is spurring the rise in ethnic-specialty restaurants (I've been seeing more Ukrainian restaurants of late as well, as refugees from the war make their way to the US).

The WSJ reports a new trend: restaurants are becoming hot real estate commodities. They attract crowds, making them appealing to investors. Yet, this seems at odds with chains like Red Lobster closing locations. Over 100 closures, including the Times Square spot, highlight industry shifts. The reconciliation? Market nuances. While some chains struggle with lease renegotiations and declining guests, others thrive by adapting to consumer tastes and real estate demands. The restaurant scene is diverse, and so are its real estate outcomes. As some chains close, new opportunities for growth emerge. The lesson? Adaptability is key in the ever-changing dining market.  But beyond adaptability, it’s about grasping the subtleties of usage and weighing the risks. Restaurant builds are costly, and property owners as well as operators must consider the long-term viability and flexibility of their spaces. It’s not just about filling seats but creating a space that can evolve with market trends and consumer preferences, when possible. https://lnkd.in/eCSpkpFC #realestate #retail #commerciarealestate #restaurants