Space Use in Retail: Food Halls
Retail in the U.S. is undergoing a dramatic change as lifestyle and consumption preferences shift away from brick-and-mortar stores, toward digital shopping experiences. Over the last few years, the victims of this trend—mostly big box retailers and power center tenants—have been forced to downsize, and in some cases, declare bankruptcy as consumers disappear and sales dwindle.
However, one category of retail—the food hall—has not only survived this trend, but has thrived, as consumers increasingly gravitate towards these collections of boutique ‘fast casual’ restaurants with shared seating. As consumption preferences continue their shift towards digital alternatives, what exactly draws consumers to food halls?