Smaller restaurant footprints are driving Myrtle Beach transactions
- Small efficient restaurants topped restaurant transactions during the first quarter of 2022
- Myrtle Beach retail vacancy rates have steadily decreased over the past year from 4.16% to 2.78%
- New construction will be leased quickly upon delivery
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.
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