The rise of e-commerce has created cultural shifts that are ongoing and profound—Costa Mesa real estate is certainly one of them. One ripple effect may be expected from an industry that touches us all: the restaurants. According to the Wall Street Journal, “as e-commerce expands into food delivery, new bets are being made on real estate.”
Traditionally, except in the most heavily-populated urban areas, regular restaurateurs have put little to no emphasis on food delivery. Although more common in Manhattan, Chicago or San Francisco, in most places, offering a delivery option was at best a financially break-even proposition. But e-commerce has begun to change that and could affect the selling of your home.
As mobile apps and one-click delivery options have skyrocketed in popularity, the revenue potential has become ever clearer. But more than that, now a growing number of restaurants are seeing a new possibility. Why pay for an expensive street-facing retail space in a trendy neighborhood if you could avoid it? Couldn’t you operate your kitchen from a less expensive warehouse district? In other words, if the demand is great enough, why not go all-delivery? The economies are undeniable—especially since it involves dispensing with the payrolls of greeters, servers, and a good deal of associated support staff. So consider these when you plan to buy a house.
The phenomenon has yet to displace restaurants in a major way—and it certainly will never compete with the entertainment value that an evening out at a fine restaurant will always provide. But just as e-commerce has turned the taxicab business upside down, it might not be surprising if the e-commercial revolution winds up allowing a significant number of restaurants to focus their efforts toward delivery. The Journal even reports the advent of startup companies opening shared kitchen in industrial buildings devoted to “liberating” restaurants from their storefronts.
For local homeowners, the effect on their own Costa Mesa real estate might not be affected by this particular cultural shift—except for the possibility of having a variety of delicious local restaurant meals available at our doorstep. Look for a slow decline in restaurant development in the coming decades. One can never fully predict the effect of a small shift like this so keep it on your radar!
Costa Mesa real estate is changing fast, too. I hope you’ll give us a call with any and all of your real estate queries!
We are built on a philosophy of Heritage & Hustle. The L3 is a full service real estate agency with a regional office located in the heart of #CostaMesa, offering a wide-array of custom services to meet their clients’ needs with roots in the community since 1976. It’s the L3 Mission to provide trusted, convenient, responsive service to ensure clients enjoy their real estate experience. The L3 was originally formed to offer personal, concierge-level service as an alternative to the large, nationally based real estate companies. From its small beginnings of only two employees, The L3 has grown to a full staff of 25 serving over 300 clients a year. The L3 is not limited to serving just its clients; it is also committed to serving the community. Not only has The L3 donated hundreds of hours to many area charities, they have also received the prestige of being named one of the #toprealestatecompaniesinCostaMesa If you’re interested in #buyingorsellinginOrangeCounty, turn to the experts. Turn to The L3 and let them help you make your real estate buying or selling dreams come true. For more information or to get started on finding or selling your home contact The L3 today at 714-444-4663 or email us at email@example.com