Bob Elmer featured in REBusiness Online article “Wanted: Essential, Durable Retailers in Boston”
Robert M. Elmer, Managing Principal of Lee & Associates Boston was featured in a Real Estate Business Online article written by Alex Patton, "Wanted: Essential, Durable Retailers in Boston". Bob shares his insight on the impact of the COVID-19 pandemic on the Boston area restaurant market and how their survival is somewhat dependent on their ability to provide delivery services.
Experiential Concepts Reeling
While net lease retail properties are reopening and shoppers are steadily returning, the family-owned and independent businesses that give cities their character and attract tourism remain in danger of permanently
closing.
Robert Elmer, a managing principal with Lee & Associates based in the brokerage’s Boston office, says that in recent years, restaurants have been expanding in two general business directions: delivery and experiential. Restaurants usually partner with third-party services such as Uber Eats and GrubHub for delivery. Experiential restaurants normally emphasize higher-end service, presentation and ingredients.
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Robert M. Elmer Managing Principal
“Experiential dining was killing it a year ago, but this pandemic has changed everything,” says Elmer.