Do Food Carts Have Measurable Amenity Value?

December 16, 2012

Data reported on by the Business Journal would suggest that office buildings near food cart pods (collections of carts, not individual carts) have lower vacancy rates!

One comment

  1. “Or, there are several hot spots within downtown where vacancy rates are lower. 3 of them are within two blocks of food cart pods. Another one is around Pioneer Square, and another is…”

    Since the study only analyzed areas within 2 blocks of cart pods, not the whole of downtown, we don’t know if there are also other localized spots of lower vacancy rates.

    In addition, the scenario described: “All the employees go out together, get their meals at a food cart, and come back to the office to eat it together”, could as easily be “All the employees go out to a local to-go restaurant, get their meals, and bring it back to the office to eat together”.

    What happens in cities (San Francisco, e.g.), that don’t have vacant lots within the downtown core. Does this same practice happen, just at small, independent food purveyors that happen to be in buildings, rather than in a food truck parked in a parking lot? Does it make a difference? What about small food stands in a building, like Pike Place in Seattle, Grand Central Market in LA, or Reading Terminal Market in Philadelphia?

    It seems unnecessary to devote surface parking lots to this, when it’s not been shown that the same thing can’t happen in a multi-story building, with the right management.

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