Lauren Leach: Six Predictions for the Retail Sector in 2020 – National Real Estate Investor
Lauren Leach was featured in National Real Estate Investor’s article titled “Six Predictions for the Retail Sector in 2020.”
There will likely be more restaurant bankruptcies this year, says Lauren Leach, director of real estate advisory services at consulting and advisory firm Conway MacKenzie.
“This goes for both quick-serve restaurants and full-service dining,” Leach notes. “The sector is oversaturated, pressure to remodel exists, and consumers are turning towards local and healthier options. Much like retailers, many restaurants are faced with massive debt and need to raise menu prices to keep afloat.”
Furthermore, restaurant chains that haven’t kept up with recent popular delivery options have been cast aside, Leach says. There also will be a bigger push to incorporate mobile ordering, which means adjusting physical restaurant layouts to accommodate for customers picking up food, she adds.