Seattle ranks #2 best place to expand for retail qucik service restaurants behind Orlando, FL (#1), but ahead of Portland, OR (#3) and Riverside, CA (#4) in the second-annual Growth 40 report. QSR magazine ranks the markets best poised for quick-service restaurant growth in 2012. Seattle and Portland were the only Northwest cities that made this year's list.
QSR magazine highlights news about quick service restaurants throughout the world. They chose Seeattle due mostly to demographics as can be read in the excerpt below:
There’s plenty to rave about in the Emerald City, where a 13 percent rise in population over the last decade has pushed the area’s overall population near 3.5 million.
Seattle topped the American Express Business Insights’ spending list with 34 percent growth, while claiming runner-up spots in transaction count and average transaction size. It’s a sign that consumer spending remains strong in the Puget Sound region.
Niessen points to the area’s significant rise in Gen X and Gen Y consumers as a particularly positive note and a characteristic favoring quick-service development. Nearly 55 percent of the Seattle area’s residents are younger than 40.
The piece, written by Daniel P. Smith on January 9th, 2012, can be read in full by clicking here.
The complete list of all 40 cities poised for retail growth in quick service sector can be seen here.
What quick service restaurant concepts would you like to see come to Seattle or the Puget Sound?
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