Good analysis but missing the 2nd order effects Restaurants have tight profit margins b/c lots of potential restaurateurs are competing to profitably use space, uncooked food and labor; they have to do so as well as potential competitors if all need more space -> rents go downhttps://twitter.com/ReLynnWrites/status/1255007228567814145 …
-
-
What's likely to happen is that take out dining becomes more prominent; skilled chefs preparing meals with ingredients purchased often enough to always be fresh is still going to be as highly in demand as before. All restaurants have just gone into the micro catering business.
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This Tweet is unavailable.
-
Two things: 1) Marginal property owners aren't in a position to hold out - they'll cut rents and compete away tenants 2) Literally no one can fill a restaurant the way you could pre-plague - this is a giant drop in demand for space at the current price
End of conversation
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.