Chain Store Age
Despite the fact that real estate deals with restaurants are complex, risky, and require expensive buildouts, the revenue and traffic they churn is so remarkable that landlords continue to seek out more of them for their centers, according to CBRE’s research department.
In the latest installment of its U.S. Food in Demand series of reports, the global research services company placed the restaurant sector as the biggest earner in brick-and-mortar retail with $738 billion in 2018. Restaurant revenues grew 5.6% over the past decade, compared to 4.4% for the rest of retail. . . . more