Cooltown Studios
The official blog for crowdsourced placemaking

Thursday, June 10, 2004

How popular is dining out?

Brek restaurant, Venice, Italy

Quite a bit according to our CoolTown poll.

The statistics seem to back that up.  Growth figures for US retail sales from 1967-1993 (alas, they don’t have the last ten years):

Restaurant and Entertainment: 102%
Food at home (i.e. groceries): 26%
Furniture: 79%
Building materials: 78%
General merchandise: 46%
Clothing: 31%

(Personal income growth: 83%)

That’s why we could use more places like Brek, a very affordable, fresh hot food, self-serve restaurant with class (see image).  The kind of place you could eat at three times a day.

Source: Professor Bill Wheaton, MIT CRE/Sloan Course #11.433 Real Estate Economics, Spring 2004


Posted by Neil Takemoto in • Retail Entertainment Districts | (0) Comments | Link
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