Commercial Investment Real Estate March/April 2013 | Page 8

MARKE T
TRENDS
MARKE T
TRENDS
Retail
— and Waistline
— Expansion
How many burgers can America eat? Although it seems like there
is a fast food or fast casual restaurant on every outpad in America,
restaurant chains are gearing up for an expansive year, according
to Chainlinks’ 2013 retail forecast. Of the 41,000 planned retail
openings in 2013, 42 percent are restaurant-related. Five Guys alone
hopes to open 500 new stores this year, with eight other food chains
announcing plans to open 200 or more U.S. outlets and 17 more
planning between 100 and 200 new units. Shopping center land-
lords don’t mind; they are looking to food and entertainment tenant
mixes to drive traf c to brick-and-mortar centers. Af er all, you
can’t eat a burger over the Internet — at least not yet.
p psf
Denver $85
Seattle $84
$78
Boston
Top price psf outside of
California markets
Suburban Maryland
$75
$72
Raleigh-Durham, N.C.
0
20
40
60
80
100
Source: Cassidy Turley
6
March | April | 2013
Commercial Investment Real Estate
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