How Silicon Valley Is Killing Mom and Pop Restaurants
Skyrocketing rent prices are having a damning effect
Rising rent costs coupled with labor shortages have led to a concerning dining trend in Silicon Valley: The high-end, $500-a-person, restaurants are thriving, as are the fast-casual chains (Chipotle, Sweetgreen). But the in-betweens — the local, mom-and-pop eateries that once called the area home — are disappearing at an alarming rate.
Part of it has to do with a lack of real estate. As the New York Times explains, “more than 70,000 square feet of Palo Alto retail and restaurant space were lost to office space from 2008 to 2015, as the