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 Industrial Investment Sales Market