Quick-serve restaurants (QSRs) are in a mixed state. Some aspects had been doing well through the end of 2023, with most showing growth in same-store sales or holding up well under general CRE industry strain.

At the same time, others are following the 007 recipe for a martini: shaken, not stirred.

A recent Avison Young report noted that many QSR operations were holding up relatively well under challenging conditions. The U.S. market has a current count of 195,507 QSR locations and is valued at a current $406.7 billion. The firm projects a 10.28% expected growth from now through 2029. "These expectations reflect the resilience of the QSR industry, particularly in the net lease sector, as it continues to adapt to the constantly evolving landscape," they wrote.

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