Smaller footprints are driving Columbia restaurant transactions
Key Takeaways
- Small efficient restaurants topped restaurant transactions during the first quarter of 2022
- Columbia retail vacancy rates have steadily decreased over the past year from 5.66% to 3.17%
Quick service and fast-casual restaurant concepts are seeing a greater focus on drive-through service and a lower demand for indoor dining causing quick service and fast-casual restaurant tenants to opt for smaller store sizes. Despite the current service industry labor shortage, smaller restaurants are thriving. Success is not dependent upon the type of food.
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