Weekly Perl: A Commercial Real Estate News Recap
The 50 QSR Contenders for 2024
The QSR 50 is an annual ranking of limited-service restaurant companies by U.S. system-wide sales. QSR magazine collected information directly from restaurant companies from March to May 2024.
Shake Shack to Close Nine Underperforming Restaurants
The chain will suffer losses between $28 million to $30 million as a result.
Abercrombie & Fitch on fire as Q2 sales soar 21%
Abercrombie & Fitch Co. delivered another strong quarter with broad-based growth across all its brands, regions and channels.
Sprouts to open 21 stores by year's end — here's where
Sprouts Farmers Market isn't letting up on expansion: It has over 100 approved new stores in the pipeline.
Why CAVA Rejects the ‘Value Wars’ Label in Today’s Restaurant Landscape
The fast casual is seeing positive sales and traffic, and that’s because it’s focused on more than just price point.
Expanding Retail Tenants Remain Active in Hunt for New Locations
Retailers shook off numerous economic headwinds and signed leases for slightly more than 52 million square feet during the second quarter, an increase of more than 10% compared to the leasing averages recorded over the past two years for that quarter — and the most retail space leased in a three-month span since the first quarter of 2022.
Local Los Angeles Retail Space Demand Among Worst in US
Since the beginning of 2024, retail market vacancy in Los Angeles has been on the rise.
The metric hit 5.6% in late August, and, year to date, the market has seen around 2 million square feet of negative net absorption — its worst posting since 2020.
Church’s Chicken Finds Momentum through Value and Refocused Operations
The chicken chain has improved standards and accountability across its restaurants.
