michael-in-phoenix
Well-known member
...restaurants.
I spoke by phone to one of my favorite restaurant critics/consultants/food writers, Elin Jeffords, and she mentioned how different the climate was for new mom & pop restaurants back in the 80's and 90's. Commercial rents were so much lower back then that a small, neighborhood restaurant could open, and if the food was good (and service, etc.) it could thrive.
Since then, the real estate boom and the accelerated economic growth has proliferated much higher rents, and the advent of many, many national chain restaurants. Small places have a hard time competing, and are forced out by the high rent that only big operations can pay.
She said maybe this correction will allow more small places to open again.
I sure hope so.
Michael
I spoke by phone to one of my favorite restaurant critics/consultants/food writers, Elin Jeffords, and she mentioned how different the climate was for new mom & pop restaurants back in the 80's and 90's. Commercial rents were so much lower back then that a small, neighborhood restaurant could open, and if the food was good (and service, etc.) it could thrive.
Since then, the real estate boom and the accelerated economic growth has proliferated much higher rents, and the advent of many, many national chain restaurants. Small places have a hard time competing, and are forced out by the high rent that only big operations can pay.
She said maybe this correction will allow more small places to open again.
I sure hope so.
Michael