Gold Rush for Miami Restaurant Space as New Yorkers Make Their Move
April 19, 2021 F+B Hospitality Brokerage's, Felix Bendersky, was quoted in Commercial Observer in their article, "Gold Rush for Miami Restaurant Space as New Yorkers Make Their Move." The article addresses the thriving Miami restaurant market and how many New York restauranteurs are competing to open in very limited spaces left here in Miami.
Excerpts from the article include:
"“Unless you’re willing to pay a huge premium, there’s no inventory left,” said Felix Bendersky, the principal broker of F+B Hospitality Leasing, which specializes in second-generation spaces."
"While Miami’s restaurant scene is abuzz, some say the frenzy is peaking, given the rush and speed at which establishments are sprouting up. F+B Hospitality’s Bendersky fears the market for restaurant spaces is a “bubble.” As the vaccine rollout speeds up and major cities like New York open up, Miami will face renewed competition. When snowbirds move back north this summer, it will test the market’s strength, Bendersky said. "
Click to read the full article!