While craft beer companies are definitely generating demand for retail space, Fainchtein says the trend is also generating industrial demand from users looking for manufacturing space. Finding the right fit depends on the user. “It depends on the type of space and what they are looking to do within the space,” he explains. “If it is more manufacturing, they need more of an industrial space with high ceilings and lower rents. If it is more of a tasting room, then they need a restaurant feel with smaller square footage and higher rents. What people love about this is the quality of the beer and the story behind the businesses. The reality is that people love the interactive-ness of beer, and there is authenticity to a lot of these concepts. As a result, they like to be in more authentic spaces.”

The craft beer niche isn't exclusive to markets on the West Coast. The whole country has seen an uptick in craft beer tastings rooms. According to research from Cushman & Wakefield, the number of active craft breweries in the nation has more than tripled over the last decade, from 1,409 in 2006 to 5,234 in 2016. This activity has resulted in more than 10 million square feet of retail leases, and Fainchtein says that the consumer demand for this product is only growing. “People like to see someone creating something out of nothing and expanding the world that we are all accustomed to,” he says. These breweries are taking that concept to the next chapter.”