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The bad news: It is estimated that, by year’s end, the restaurant industry could face a loss of $240 billion. A survey conducted by The National Restaurant Association found that 75 percent of operators believe that they will not be profitable within the next six months. The good news: RESTAURANTS Act—proposed legislation that would create $120 billion in grants for small local restaurants and bars.
It seems the COVID-19 pandemic knows no bounds for disruption, from shuttering big-box retail staples to completely changing the way restaurants operate. And while many business owners are struggling to find ways of surviving their current crises, the pandemic is set to forever reshape another aspect of the food industry—the commercial real estate sector. Here are just a few ways commercial real estate has already changed during the pandemic.
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