At one point, restaurants were not considered desirable tenants in shopping centers. Times have changed, however, as landlords seek to replace anchor stores in U.S. malls that are closing — particularly as shopping increasingly moves online, CNBC reported.
Restaurants and other food tenants used to take up just 10 or 15 percent of a shopping center a decade ago. They occupy anywhere from 20 to 40 percent today, according to research from real estate services firm the CBRE Group. As a result, malls and shopping centers are offering more upmarket dining options.. . . more