Food Halls of Europe

FOOD HALLS OF EUROPE

CUSHMAN & WAKEFIELD

KIOSK TRADERS

SIZE

COUNT OF EUROPEAN FOOD HALLS BY SQM

FOOD HALLS

■ Large spaces required. A food hall can range from 300 - 10,000 sqm however the optimum is usually 3,000 sqm. ■ Typical size range for each kiosk is 15 to 50 sqm.

■ Short-term leases between operators and vendors provide both parties with the flexibility to adapt. If a trader is not actively working, they can vacate the space, allowing for the possibility of replacing them with a better-suited trader. While that unit may become vacant without the food trader, the food hall can still operate smoothly as all other aspects continue to run seamlessly. Meanwhile, the departing trader can explore other opportunities. ■ Typically yearly contracts. Flexibility with pop-ups from 3 months to 1 year. ■ Turnover rent options available. Traders usually pay a low base rent and agree on a gross revenue share, which tends to be inclusive of all costs (e.g. 20%-30%). ■ Other costs may include service charge, electrical bills and staff wages. ■ Food traders could be starting new or may have been operating for several years. ■ Usually local and small businesses with authentic and good food. Sometimes bigger names are used to drive footfall. FOOD OFFER

35

34

30

25

20

22

20

15

17

10

5

0

LESS THAN 1,000 SQM

1,000-2,500 SQM

2,500-4,000 SQM

MORE THAN 4,000 SQM

FIT OUT

■ The operator is responsible for the fit out. Upkeeping and additional equipment that is specific to the cuisine is the responsibility of the food trader, e.g. a pizza oven. ■ As these are large spaces, food halls have large fit out costs.

HOW DO

BAR

■ Most bars are run by the operator. Sometimes the profits are shared.

THEY WORK?

16

17