Is Curbside Pickup a Long-Term Strategy or Short-Term Fix?

Nice post from National Real Estate Investor magazine on curbside pickup. We really think that curbside may stay for quite a while. Many restaurant owners and other curbside oriented tenants are telling us that they are quickly reverting nearly back to normal by operating in this fashion. From the article: “It has been a game changer and it will stay at higher levels,” notes Deb Carlson, a director in the Twin Cities office of real estate services firm Cushman & Wakefield. “Not as high as it is now, but certainly higher than it has ever been, because it just works so well. It’s just another way—even when the world is reopened again—to shop.” For example, curbside pickup has “kept the grocery

Is it worth it for restaurants to operate just takeout and delivery?

Interesting post that raises some questions about how smaller restaurants can operate in the "new normal" ... in many cases, take out makes more sense than dine in, particularly if there are restrictions in place for the number of diners allowed. In response to North Carolina’s COVID-19 lockdown order in March, Christi White, owner of The Box Seat in Greensboro, shifted to only takeout and delivery. The sports-themed restaurant also started working with DoorDash in a bid to field more to-go orders for food like wings, burgers and buttermilk chicken tenders. The Box Seat employed 29 people before COVID-19 but now is down to three. That dramatic reduction aligns with a survey published last mo

COVID-19 implications for commercial real estate .... Preparing for the “next normal”

This is an excellent, and very thorough, insight from Deloitte on COVID-19 and its impact on CRE. Obviously the biggest impacts will be on hospitality, shopping malls, and other large venues. Still a mixed bag for neighborhood retail, multifamily, and office/industrial. The portion of the article that I focused on was towards the end, with a conversation on how the market can Respond, Recover and Thrive. We are (hopefully) towards the end of the Respond phase at nearly all of our properties, and have moved to the Recover phase. Here is the entire article: https://www2.deloitte.com/us/en/insights/economy/covid-19/covid-19-implications-for-commercial-real-estate-cre.html

Featured Posts
Archive
Search By Tags
    Prudent Growth Partners, LLC  (2017)    1829 E. Franklin St, Suite 800-F, Chapel Hill, NC 27514  (919) 590-4119