Brad Umansky | The Broker List | September 29, 2017
Are the restaurant and grocery industries a zero sum game? I believe so. Despite my desire to eat all day at different places, it is simply not possible for me or anyone else. As a result, any decision we make to consume food at one place means we are not eating at another place.
The good news for the food industry being a zero sum game is that it is also a game that everyone must play every day. You have to eat! That is why so many landlords love having food users as tenants because regardless of the economy, this industry is virtually guaranteed to capture consumers.
On the other hand, the bad news for the food industry being a zero sum game is that every food purveyor, including traditional grocery stores, specialty grocers, fast food restaurants, quick service restaurants, full service restaurants, farmer’s markets, food halls, etc. are ALL competing for their piece of the pie.
What does this mean for landlords and property owners?