How the Fast-Casual Boom Is Changing the Restaurant Real Estate Game

April 28, 2016

It’s a landlord’s market out there

Competition is fierce for restaurant real estate all across the country. But one type of restaurant space has proven particularly elusive: one with a small-ish footprint that’s ideal for fast-casual dining. Everyone from national chains to locally owned fast-casuals to independent restaurateurs seeks out these types of spaces, ranging from about 1,500 to 2,500 square feet — imagine a Chipotle or a Chop’t. In Portland, Oregon, where local fast-casual concepts like Lardo and Little Big Burger have sprung up in recent years, restaurateurs call the offices of the brokerage firm Urban Works three to…