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James Crocenzi James Crocenzi

Millennial spending on restaurants is driving rapid change in the food-and-beverage industry. A new survey from CBRE reports four emerging trends that will significantly impact the real estate for foo-and-beverage operators, both in retail and industrial. The survey predicts that neighborhoods on the edge of the urban core will become food and beverage hotspots; the growth of single-person households will drive more spending on restaurants; spending on restaurants and groceries will outpace soft goods in the next five years; and, finally, millennial spending on food and beverage will exceed all other generations in the next 10 years.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

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