Restaurant's Impact on Commercial Real Estate is Significant

Submitted by Anonymous (not verified) on Mon, 01/27/2020 - 02:01
Red Robin restaurant in Boise Idaho

According to a recent report by CBRE, 17% of US retail sales come from restaurants.

In 2019, over 40 restaurant transactions occurred in the Boise MSA – approximately 25% of all retail transaction. Third-party delivery services, such as Grubhub and DoorDash, are gaining significant traction leading to some delivery-only restaurants called "ghost kitchens."  These businesses are leasing industrial and less desirable retail spaces for lower rents.  

A recent BoiseDev article mentioned that Crave Delivery (which operates a "ghost kitchen" business model), will be coming soon to Ten Mile Crossing, occupying approximately 15,000 SF for their kitchen and delivery operation. 

Five Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600
 

Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600

Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694

Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Coeur d'Alene Office
3322 N. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908