In the last issue of this newsletter, I wrote about how incentives in real estate markets align to generate demand for restaurants from an unexpected direction – not from diners, but from developers and commercial landlords. One reason landlords like restaurants is that they bring people to an area, usually at night, and that changes the feel of a block, a street, or a whole neighborhood. But another reason landlords like restaurants is that restaurants are engines of cool. This is probably not news, but the dynamics behind it are worth unpacking.
no. 44: internet portals
no. 44: internet portals
no. 44: internet portals
In the last issue of this newsletter, I wrote about how incentives in real estate markets align to generate demand for restaurants from an unexpected direction – not from diners, but from developers and commercial landlords. One reason landlords like restaurants is that they bring people to an area, usually at night, and that changes the feel of a block, a street, or a whole neighborhood. But another reason landlords like restaurants is that restaurants are engines of cool. This is probably not news, but the dynamics behind it are worth unpacking.