The quick-service restaurant sector has never been more crowded, with a wave of buzzy upstarts clashing with industry giants in a fight for customers with increasingly strained wallets.
The battle for market share is squeezing margins and forcing operators to narrow expansion plans as they struggle to boost store-level profitability.
The increased competition has QSRs clamoring more than ever for premium spaces, driving absorption and rents amid a mixed retail backdrop.
Source: Quick-Service Dining Competes For Prime Expansion Space Despite Elusive Profits