Hospitality & Restaurant Industry Dynamics and Their Impact on Demand for CRE
Commercial real estate has become more dependent on the hospitality & tourism industry, especially in FL, to obtain profits. There has been a role reversal to which industry brings in more customers, retail or restaurants, and food service is found to be having the greater impact. This new function of hospitality real estate has caused a drastic shift in the relationship it has across all commercial real estate asset classes, not just retail.
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March 9, 2023