Regency Centers’ Post

Interesting article on the commercial real estate market in NYC along with the strong rebound in the restaurant sector.

New York City's competitive market currently sees a high demand for 2nd generation restaurant spaces—locations previously used for dining establishments. These spaces are highly sought after due to their existing infrastructure, making them a cost-effective option for new restaurant ventures. These spaces often come equipped with essential restaurant features such as kitchen hoods, grease traps, and plumbing, significantly reducing your initial renovation costs. Many of these spaces already meet NYC’s stringent health and building codes, streamlining the process of opening your restaurant. Keep a close watch on the market. Second-generation spaces often receive multiple offers within days of listing. Perform due diligence swiftly to assess the space’s condition and suitability for your concept. Set a clear budget and stick to it. Understand that rents can escalate quickly due to high demand. Highlight your business plan and financial stability in your offer to make your bid more attractive to landlords. An experienced broker can give you a competitive edge by providing access to listings even before they hit the market. Ensure you have a lawyer to review lease terms quickly, so you can proceed without delays. Navigating the high demand for 2nd generation restaurant spaces in NYC requires agility, preparation, and strategic planning. By understanding the market dynamics and acting quickly, you can secure a prime location that sets your restaurant up for success in this bustling city. Leverage this knowledge to make informed decisions and secure the perfect space for your restaurant in the vibrant NYC market! #NYCRestaurantTips #CommercialLeasing #SecondGenerationSpaces #RestaurantSuccess #FoodAndBeverage #NYCRealEstate #RestaurantOwner #UrbanDining

David makes some great points in this article. The Austin market continues to grow and demand is high for restaurant space across the MSA. From sit down Restaurants to QSR concepts, we are seeing tremendous restaurant interest, however, there is less development of available space downtown, and in the suburbs. #tenantrepresentation #retailrealestate #restaurantnews #eateraustin #retaillive #qsr50

What is the process for leasing a restaurant Space in Las Vegas? 1. **Define Your Needs:** Determine your restaurant's requirements, including size, location, layout, zoning requirements, and budget. Consider factors such as foot traffic, parking availability, and nearby competition. 2. **Find a Suitable Location:** Research available restaurant spaces in Las Vegas that meet your criteria. You can work with a commercial real estate agent specializing in restaurant properties or search online listings and local publications. 3. **Tour Potential Spaces:** Schedule tours of the restaurant spaces you're interested in. Evaluate each space carefully, considering factors like layout, condition, visibility, and accessibility. 4. **Negotiate Lease Terms:** Once you've identified a suitable space, negotiate lease terms with the landlord or property manager. This may include rent amount, lease duration, lease renewal options, tenant improvements, and any additional fees or expenses. 5. **Review the Lease Agreement:** Carefully review the lease agreement, including all terms and conditions, rights and responsibilities, restrictions, and any potential liabilities. 6. **Secure Financing and Insurance:** Arrange financing if needed to cover lease costs and initial expenses. Additionally, obtain insurance coverage for your restaurant business, including property insurance, liability insurance, and any other relevant policies. 7. **Obtain Necessary Permits and Licenses:** Ensure compliance with local regulations and obtain any necessary permits and licenses required to operate a restaurant in Las Vegas. This may include health permits, liquor licenses, signage permits, and zoning approvals. 8. **Build Out and Furnish the Space:** Coordinate with contractors and vendors to build out and furnish the restaurant space according to your design and specifications. This may involve renovations, equipment installation, interior decor, and branding elements. 9. **Prepare for Opening:** Once the space is ready, finalize staffing, menu development, marketing plans, and other operational details to prepare for the restaurant's grand opening. 10. **Grand Opening:** Celebrate the opening of your restaurant and start serving customers. Promote your new establishment through advertising, social media, and local marketing efforts to attract patrons and build a loyal customer. ********************* For Las Vegas available Commercial Real Estate Locations information or Need business consult services Please contact: MISAKO NATSUME 702-209-4319 AngelMisako@Gmail.com ******************** *Commercial Real Estate Broker * Sell. Buy and lease. *Office. Retail. Restaurant leasing Specialist *Business consultant *Fluent in English.Japanese and Chinese ********************* #LasVegasresturantbusiness #LasVegasCommercialRealEstate #LasVegasShoppingCenter #ResturantBusinessConsultant #CommercialRealEstateInvester #EveryOne

As someone deeply involved in the retail and restaurant sectors of Commercial Real Estate (CRE) on Long Island, I wanted to share some insights for property owners looking to navigate the current market. The retail landscape on Long Island is evolving, with a noticeable shift towards experiential retail and dining. Consumers are looking for unique, engaging experiences that go beyond traditional shopping. Local restaurants are thriving, especially those offering outdoor dining and versatile spaces. This trend is likely to continue as we see a growing demand for community-centric and socially engaging environments. Being part of the local community is more important than ever. Properties that host community events or support local businesses often see higher foot traffic and greater tenant satisfaction. Strong ties with local organizations and groups can also provide valuable networking opportunities and insights into tenant needs and preferences. Flexibility is key. Property owners who adapt to changing consumer behaviors and tenant needs are more likely to succeed. This might include offering shorter lease terms, investing in property upgrades, or providing incentives for local businesses. Understanding the nuances of the Long Island market can help you make informed decisions about property improvements and your tenant mix. The future looks promising for Long Island’s retail and restaurant sectors. By staying informed and connected to the community, property owners can position themselves for success. Collaboration with knowledgeable CRE professionals who understand the local market can provide additional benefits, offering strategic advice and support tailored to your property’s needs. Feel free to reach out if you’d like to discuss these insights further or share your own thoughts on the market. Together, we can help our local businesses thrive and create vibrant community spaces. John Pacifico 631-761-6885 jpacifico@nailongisland.com #NAILongIsland #CommercialRealEstate #Retail #Restaurants #CRE #LongIsland #MarketInsights #CommunityConnections #PropertyOwners #LocalMarket #ShopLocal

Dutch Bros Coffee operates ~1,000 shops It is adding >150 new shops per year and wants to grow to ~4,000 But #DutchBros has been plagued by high construction costs, permitting delays and the significant company resources required to build new ground-up prototype #drivethru shops on leased land So the Company may now pivot to other #realestate options Such as the #repurpose of existing buildings like former bank branches, freestanding #qsr and casual dining restaurants And perhaps even "unconventional" #adaptivereuse conversions Like former #drugstore buildings and even #carwash real estate ⬇

10 Essential Tips for Leasing a Restaurant Space in Las Vegas. Considering opening a restaurant in the vibrant Las Vegas market? Choosing the right space can make a huge difference in your business’s success! Here are 10 key tips to guide you through the leasing process and help ensure a smooth start for your restaurant in Las Vegas: 1️⃣ Identify Your Target Market – Choose a location that aligns with your ideal customers. 2️⃣ Prioritize Visibility & Accessibility – High foot traffic and easy access are crucial. 3️⃣ Evaluate Space Requirements – Plan for kitchen, seating, and storage to avoid wasted rent. 4️⃣ Understand Lease Terms – Know the ins and outs of triple net and gross leases. 5️⃣ Verify Zoning and Permits – Ensure the space complies with restaurant-specific regulations. 6️⃣ Check Utilities & Infrastructure – Make sure the space can support your equipment needs. 7️⃣ Analyze Competitor Proximity – Nearby restaurants can either help or hinder your traffic. 8️⃣ Negotiate Build-Out Flexibility – Custom spaces often require specific renovations. 9️⃣ Budget for Total Costs – Look beyond base rent to assess total expenses. 🔟 Plan for Growth – Choose lease terms that allow for future expansion or exit options. 📍 Leasing a restaurant space in Las Vegas has unique challenges and opportunities, from tourism-driven demand to seasonal foot traffic. Having an expert guide through the commercial leasing process can be invaluable! Interested in more insights or looking for the right space for your restaurant? Reach out for a consultation on Las Vegas commercial real estate and let’s make your vision a reality. My name is John Alam- Call or Text at 702-333-3562 #LasVegasRealEstate #RestaurantLeasing #CommercialRealEstate #LasVegasRestaurants #CRE #RetailSpaceLasVegas #TenantRepresentation #LeasingTips #RestaurantSpace #LasVegasBusiness

In the bustling heart of a local shopping outlet, disaster struck when a sudden electrical fire erupted, affecting three diverse establishments—a vibrant salon, a cozy restaurant, and a bustling barbershop. The flames quickly spread, leaving these businesses in distress. The salon, known for its chic styles and friendly atmosphere, faced charred equipment and smoke-damaged interiors. The restaurant, a favorite among locals, had its kitchen equipment compromised, and the inviting ambiance was marred by soot and ash. Meanwhile, the barbershop, usually buzzing with lively conversations, now echoed with the aftermath of the fire. Enter WriteLoss-Claim Write, Inc., a beacon of hope in the aftermath of chaos. Although not physically present on-site, their team swiftly swung into action. Through detailed communication with on-site inspectors and owners, they gathered comprehensive information about the extent of the damages. Meticulously assessing each establishment's unique needs, WriteLoss-Claim Write, Inc. crafted precise estimates tailored to the salon's intricate equipment, the restaurant's specialized kitchen, and the barbershop's distinctive layout. Their dedication to understanding the nuances of each business ensured accurate evaluations, setting the stage for a robust recovery plan. This collaborative effort, where communication bridged physical gaps, showcased the company's commitment to supporting businesses in need. With detailed estimates in hand, the affected establishments could confidently embark on the restoration journey, knowing that every aspect of their distinctive spaces was considered. The story concludes not with the end of the fire's destructive path, but with the promise of renewal. WriteLoss-Claim Write, Inc. played a pivotal role in the healing process, demonstrating that even in the face of adversity, precise communication and tailored solutions can pave the way for businesses to rise from the ashes and flourish once again.

Did you know that Quick Service Restaurants (QSRs) are on the rise, and they're looking for small spaces to expand their footprints? Check out this insightful Forbes article by Naveen Jaggi, highlighting the increasing demand for small spaces by QSRs. Discover how this trend is changing the game for both landlords and restaurateurs, and how you can capitalize on this growing opportunity. #JLLRetail #QSRs #FoodandBev #Retail https://lnkd.in/giVNRBs8

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