This marks an expansion in the neighborhood for the developer, as the area continues to attract a young demographic thanks to its proximity to Manhattan.

Cushman & Wakefield expects economic growth to help offset elevated financing costs in the most likely scenarios facing property investors.

The gap begins after developers secure land-use approvals and before their projects reach the building-permit stage.

The coffee chain's proposed purchase of 73 former Salad and Go locations illustrates the value investors are placing on established drive-thru real estate in growth markets.