Restaurants looking to expand are facing some significant roadblocks as the end of 2023 approaches. The demand is high, and the “right” inventory is challenging to find and quickly scooped up as soon as it hits the market. For those looking in the hot markets, the shortage intensifies. Add construction delays and supply shortages, and… Continue reading How Restaurants Are Navigating the Current Real Estate Market
Tag: Real Estate
The Best Strategy for Your Restaurant Brand
We walk a fine line in the restaurant industry—to trend or not to trend. There are some brands that have remained consistent in their messaging and offerings, no matter the noise and changes emerging around them. Of course, that doesn’t mean they haven’t embraced technology and enhanced their delivery services. They have, however, remained true… Continue reading The Best Strategy for Your Restaurant Brand
Buying vs. Leasing Real Estate for Your Restaurant
Selecting the ideal location for a restaurant is a pivotal decision that can make or break its success. Yet, once you’ve decided to open a restaurant, another crucial choice looms large: Should you buy or lease the property? Each option has advantages and disadvantages, and your decision hinges on numerous factors, such as your financial… Continue reading Buying vs. Leasing Real Estate for Your Restaurant
Becoming the Best New Restaurant in the World
Do you ever wonder how to make the “Best New Restaurants in the World” list? A daunting task, to say the least. The list, created by Condé Nast Traveller, is in its 27th year, sharing the world’s best restaurants since 1996. As George Bernard Shaw said, “Imitation is not just the sincerest from of flattery,… Continue reading Becoming the Best New Restaurant in the World
The Rise of the Multi-Concept Restaurant
There was a time when the theory behind restaurant expansion involved creating cloneable unit concepts so patrons could enjoy your brand no matter where they traveled and always know what to expect. Great service? Check. A slate of signature drinks that followed them no matter where they wandered? Check. Their favorite filet cooked perfectly with… Continue reading The Rise of the Multi-Concept Restaurant
Expanding? Neighborhood Data Helps Select the Right Real Estate
In our conversations with restaurant operators, we often hear exasperation when it comes to available restaurant data and harnessing it for actionable insights. They know their restaurants make enormous amounts of data, otherwise known as big data, but how do they optimize it to make critical decisions, like where to open their next unit, reducing… Continue reading Expanding? Neighborhood Data Helps Select the Right Real Estate
How COVID-19 is Reshaping Commercial Real Estate for Restaurants
It seems the COVID-19 pandemic knows no bounds for disruption, from shuttering big-box retail staples to completely changing the way restaurants operate. And while many business owners are struggling to find ways of surviving their current crises, the pandemic is set to forever reshape another aspect of the food industry—the commercial real estate sector. Here… Continue reading How COVID-19 is Reshaping Commercial Real Estate for Restaurants
Restaurant Real Estate Opportunities Emerging from COVID-19
While no one, or at least most no one, wants to feel like they are taking advantage of a bad situation, the truth is that some people and businesses will emerge better off post-COVID-19 than before the pandemic left a wasteland for many of us. In fact, some incredibly successful companies began during recessions when… Continue reading Restaurant Real Estate Opportunities Emerging from COVID-19
REITs Q1 Results
Among a litany of now-familiar pandemic-adjacent phrases, concepts, and behaviors to which we’d seldom, if ever, consciously paid, we have the lagging indicator. In the simplest of terms, the term refers to trend indicators that are observable and apparent well before their impact is reflected in longer-term data. Effectively, it means that today’s data is… Continue reading REITs Q1 Results