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1 in 5 retail and leisure units now occupied by restaurants and cafes

Consumer demand for places to eat out over the last three years has seen a rise in the number of café and restaurants on our UK highstreets.

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In a report released by Cushman & Wakefield, 3,000 new food and beverage units are planned over the next two years to match with the UKs demand for more food outlets.  The eating out sector is predicted to grow by 17% over the next four years, resulting in a total worth of 103 billion.  In 2017 alone growth is predicted to reach 3.8%.  erfahrungen 24option Cafés and takeaways have seen the biggest growth in outlets, 1,527 and 1,035 respectively in the last three years.  The most popular new openings were coffee shops and pizza take-out joints.  Around 80% of the total UK population have visited a casual dining brand in the last 12 months.

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Thomas Rose, Head of Cushman & Wakefield’s Leisure & Restaurants team, said: “Online retailing has grown rapidly and, as a result, consumers are changing their habits. Food and beverage outlets, which offer an experience that cannot be replaced wholly online, present an opportunity for landlords to increase dwell time and expenditure within their centres.”

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Trends highlighted in the report included growing popularity of American food operators, which increased by 395 units since 2014 thanks to the success of restaurants like Five Guys and Red’s True Barbeque. Japanese cuisine also gained traction, with growth of 192 units.  However the casual dining sector remains dominated by long established brands, such as Pizza Express, Nando’s and Frankie and Benny’s.

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Darren Yates, Cushman & Wakefield’s Head of Retail Insight, said: “The total growth in the eating out market can sustain the projected growth in outlet numbers but several downside risks remain, such as higher inflation, potential business rate increases, a rise in the living wage and potentially, tighter labour laws due to Brexit.”

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