Vacated Restaurants Could Spark a Real Estate Boon

Monday, November 30, 2020

Matt Weinstein discusses with FSR Magazine the potential increase in real estate opportunities as restaurants look for property as companies begin to bounce back from COVID-19.

A report showed that approximately 20,000 restaurants closed down since the beginning of the pandemic. In the current market, sellers and landlords are forced to be more flexible with potential buyers that have liquid assets to purchase the vacant spaces.

“People are still in the stabilization stage. We’re somewhat past the mass store closures,” Matt said.

Matt predicts that restaurants will begin looking to purchase real estate in 2021.

“Now is a great time to look. My landlord clients would love to have looks right now,” he added.

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