CW Retail - Food Halls Report

Pike Place Market

A nother great example of the “Classic American Food Hall,” the Pike Place Market hardly needs an introduction. Anyone who has watched a program on any of television’s food networks has seen this food hall countless times (the fish tossing fishmongers are iconic). Pike Place Market dates back to 1907. It also is the site of the very first Starbucks coffee shop. Today, Pike Place Market is home to more than 100 vendors—street food stalls, white linen tablecloth restaurants and purveyors offering everything from fish to fresh- squeezed apple juice to Native American arts and crafts. The Market underwent a major renovation in 2012 and currently is

in the midst of a $65 million renovation and expansion project that began in 2015. While the market is roughly 70,000 sf, the current expansion project (which should be complete by December 2016) should add another 15,000 sf of retail space as well as more than 30,000 sf of additional public space, including a plaza and viewing deck. With more than 10 million visitors annually, the additional public space was sorely needed. Of all of the food hall projects in our survey, this Pike Place Market boasts the strongest tourism numbers by far. Visitors on Saturday afternoons will discover why.

CUSHMAN & WAKEFIELD

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