Why It's Off To The Races For Fast-Casual Chains

Years after inflation began rising substantially in the U.S., even financially comfortable commercial real estate brokers admit they are finally starting to cringe at food prices.

Pain in the pocketbook is trickling down. And as money fears hit consumers, a hastening influx of fast-casual restaurant brands is flooding the market at greater velocity than ever before.

Bisnow/Created with assistance from OpenAI's DALL-E

The chains are swooping in to meet demand, expanding an already strong market share and setting them up to ride the wave of a Wall Street-supported real estate explosion. And commercial real estate is growing increasingly competitive to sync along with it.

Read the full story here.

— Sasha Jones and Ciara Long

Today's Rundown

This Week’s N.Y. Deal Sheet: IBM’s 93K SF expansion at the office tower overlooking Madison Square Park, plus NYC’s other biggest leases, sales and financing deals from the past week. Read more.

Coney Island Community Board Throws Cold Water On Proposed Casino: Brooklyn's Community Board 13 voted against a rezoning proposal for Thor Equities' proposed Coney Island casino project, making the developer's path to groundbreaking more difficult. Read more.

The Companies Spending Hundreds Of Millions On NYC Office Space: Major tenants signed big leases in New York City in 2024, in some cases paying handsomely for their new spaces as the city's office market attempts to claw its way back from dark pandemic times. Read more.

What Else Is Happening?

Howard Lutnick Settles Newmark Shareholder Lawsuit Before Confirmation Hearing

Trump Pledges White House Will 'Open The Coffers' For California’s Wildfire Recovery

Judge Deals Blow To Collective Bargaining On Federal Construction Projects

Amazon Signs Wynwood's Largest Lease Ever

The Finish Line

We’re early into earnings season. SL Green reported fourth-quarter and year-end results last week. Among those hosting conference calls with investors this week are Blackstone and Flagstar Financial, formerly known as New York Community Bancorp.

Which companies are you watching closely? What expectations do you have for upcoming reports?

The New York City Rundown is written by New York Reporters Sasha Jones and Ciara Long and edited by Deputy Managing Editor Ethan Rothstein. We’d love your feedback and news tips: sasha.jones@bisnow.com and ciara.long@bisnow.com.

www.bisnow.com

123 William St, Suite 1505, New York NY 10038 Newsletter Approval Code: 83941

Unsubscribe | Unsubscribe from All | About | Contact


	You are receiving this email because you are either a member of the Bisnow community, have attended a Bisnow event, because you have a legitimate interest in real estate news and events because of your profession, or because of your business associations, memberships or partnerships. The views and opinions expressed in advertisements throughout this publication (digital ads and orange text links) are those of the advertiser and do not necessarily reflect the views and opinions of Bisnow. Some ads may contain affiliate links from which Bisnow may receive a small fee.