JLL's Rachel Alexander says the beer to go law will increase competition and revenue for Texas craft breweries.
HOUSTON—National overall beer sales declined in 2018, while both volume sales and retail dollar sales of craft beer increased. Texas now has more than six times the number of active beer production licenses than at the beginning of the decade, signaling one of the biggest trends in food and beverage.
However, the state continues to rank 30th in economic impact per capita and 46th in number of breweries per capita in the US, hindered by restrictive laws surrounding alcohol sales. With the recent passage of the "Beer-to-Go" law, House Bill 1545, Texas is finally joining the other 49 states in allowing off-premise beer sales from craft breweries.
This long-awaited victory opens new avenues for Texas brewery success. As a result, more entrants to the craft beer scene are expected, increasing competition and revenue for craft breweries across the state.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
