Urban Works brokers Kia Hartley and Brian Greeley offer expert insight into current trends regarding the ever growing supply and demand for fast-casual restaurants:
What the neighborhood wants for itself matters to landlords, too, but only to an extent. “Everybody would like to have a utopia of restaurants in their ground-floor spaces,” says Brian Greeley, a vice president at Portland’s brokerage firm Urban Works. But that’s not always possible. Landlords are looking for a balanced, holistic mix within their own developments — which means you might end up with your dream restaurant or a Rite Aid in your building. But Hartley adds that there are some cases in which landlords would be wise to keep a neighborhood’s personality in mind: It might be a bit jarring, for example, to come across a Chipotle location on Portland’s trendy SE Division Street…