Drive-Through Retail Booms In SoCal During The Pandemic

Drive-through retail became an investor favorite during the pandemic. In 2020, drive-through revenue increased 5% while revenue from full-service restaurants declined 15%, according to research from CBRE that was obtained exclusively by GlobeSt.com. As a result, both investment volumes and leasing activity for drive-through product increased last year. “With indoor dining being closed or heavily restricted, drive-throughs provided a quick and easy food option in addition to delivery and outdoor dining. As customers wanted to limit contact, drive-throughs provided another option of being able to get food without having to leave your car and staying safe,” said Patrick Wade, SVP at CBRE. Read more. at Globe St.

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