Smaller footprints are driving restaurant transactions
Key Takeaways
- Restaurants smaller than 5,000 square feet are transacting
- Charleston retail vacancy rates have sharply decreased to 2.68% due to positive absorption
A rise in fast-casual restaurant concepts allotting for less indoor dining space are leading restaurant tenants to opt for smaller footprints. Restaurateurs are adapting to evolving consumer preferences by downsizing or moving to a smaller space.
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