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Industry Trends from the Bisnow “Retail & Restaurant Roundup”

Jack Halpern shares insight on retail trends at a Bisnow event

Jack Halpern, Chairman of Halpern Enterprises, shares insight on retail trends at a Bisnow event

Jack Halpern, Chairman of Halpern Enterprises, served as an expert panel member on Bisnow’s recent “Retail & Restaurant Roundup” event at the JW Marriott in Buckhead.

Rent prices are nearing the ceiling of what a “typical tenant can afford,” according to the panel of development experts.

In other trends, restaurants are currently the “darling” tenants of new development projects. Of particular mention was Halpern’s redevelopment project in Smyrna, Ga., the 48-acre Belmont, with the retail Shops at Belmont as the focus. “Over half the square footage in that project is devoted to restaurants,” according to Halpern.

Other panelists included Loudermilk Co.’s Robin Loudermilk, Marcus & Millichap’s Michael Fasano, and North American Properties’ Ron Pfohl. The panel was moderated by Franklin Street’s Monetha Cobb.

For more details, read the full summary at Bisnow.