Retail Insights: Six Things to Know About Restaurant Carve Outs
Carving out space from traditional anchors for restaurant leases is a current trend in mall re-development…one which is good not only for the mall owner but also for the restauranteur and anchor:
- The mall owner benefits from restaurants, which typically bring higher lease rates.
- The restaurant benefits from having a location with lower development costs due to already existing infrastructure such as parking as well as established customer traffic.
- The anchor store benefits from a smaller footprint, which is also a current trend as retailers move to become leaner and more efficient. In addition, the anchor store and mall benefit from the increased customer traffic created by restaurants. Learn about the six key factors you need to know when carving out space for restaurants in your retail store by reading the latest issue of Hixson’s Retail Insights newsletter.
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