WASHINGTON, DC–There has been a surge in the number of coffee shops opening or getting ready to open in the Washington DC area for the past few months, according to a new report by JLL. Namely, since the fourth quarter of 2017, 77% of the 293 announced retailers opening locations in DC have been dining spots — and 15% of those were coffee shops.
Non-global brands have dominated this rapid expansion at 94%. Of these, 55% were local or regional brands, with Compass Coffee and Gregory's Coffee opening the most locations in recent quarters, according to JLL.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
