How popular is dining out?

Quite a bit according to our CoolTown poll.

The statistics seem to back that up. Growth figures for US retail sales from 1967-1993 (alas, they don’t have the last ten years):

Restaurant and Entertainment: 102%
Food at home (i.e. groceries): 26%
Furniture: 79%
Building materials: 78%
General merchandise: 46%
Clothing: 31%

(Personal income growth: 83%)

That’s why we could use more places like Brek, a very affordable, fresh hot food, self-serve restaurant with class (see image). The kind of place you could eat at three times a day.

Source: Professor Bill Wheaton, MIT CRE/Sloan Course #11.433 Real Estate Economics, Spring 2004

About The Author

neilkt