• Erin Ryan

Rise of Food Halls

Food halls have taken South Florida by storm! Although they’ve been around for quite some time, food halls have risen in popularity over the past few years, and aren’t showing signs of slowing down. Here are some of the top reasons food halls have been a smashing success!

Unique Experience

The world is no stranger to food halls. The concept was inspired generations ago by the bustling open marketplace environment, where people can grab food and go. Modern-day food halls have taken this well-known habitat and put a twist on it to make it a special experience for customers. Most food halls have open floor plans to provide space for walking, eating, and vendors to set up shop. According to Upserve, customers lean toward food halls because they’d rather spend money on the experience than going to a traditional brick-and-mortar restaurant. For example, places like the Delray Beach Market have emulated the fast-paced communal style hall and created a space that has a nice change in scenery.

Supports Local Businesses

Many food halls tend to use local vendors as a way to attract customers. Utilizing local businesses allows people to support local businesses and become more invested in their community. In an article by WP Amplify, people are more likely to eat at a small business rather than a national franchise because it’s unique to the area and cannot be found anywhere else. Using local vendors lets people experience different cultures that exist in their community that they haven’t been exposed to before.

Options for Everyone

The most obvious reason for the rise in food halls is the endless options for everyone to enjoy. For families and big groups, these places are perfect for dining purposes; finding one restaurant that everyone likes can be a challenge. You eliminate any disagreements over where to eat, and everyone leaves happy and satisfied. The Foodable Network discovered that food halls provide customers with hard-to-find menu options like crepes, ramen, sushi and more. No matter what someone wants, they’ll be able to find the perfect meal or drink that fits what they want.

Real Estate Benefits

Believe it or not, food halls also help increase the property values for neighboring buildings or homes. According to TouchBistro, Google decided to purchase the Chelsea Market building because they believed it would be a valuable asset for nearby communities. Local attractions like a food hall create a sense of community and make an area more appealing to home buyers or renters. This can be seen around many metropolitan areas because many people want to live in areas with activities.

Whether you’re looking for a new investment opportunity or just a bite to eat, food halls are the way to go. If you’re interested in finding a place to start your own food hall, we can help! Contact us through the form on our home page, and we’ll do the rest.