One of the important segments of net lease is the food and drink industry. Citizens, a banking company that some time back acquired Trinity Capital and its expertise in the restaurant industry, came out with its review of industry trends from 2023.

Here are some of the key points:

Operators saw continued strong demand with projected sales reaching $997 billion, for a 6% year-over-year increase. Just over a third of people visited casual dining restaurants at least once a week. As macroeconomic forces continue to ease, their projection is for another 6% increase in 2024, though increased consumer debt — at historic levels — could have a dampening effect.

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
NOT FOR REPRINT

© 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.

National
Net Lease
Retail
Midwest
Northeast
Southeast
Southwest
West