Agile, multi-purpose, and flexible: food markets can be used for a variety of functions. Live entertainment sits alongside food stalls, creating a vibrant and bustling atmosphere. They’re destinations, rather than places that you go to just to eat and their carnival atmosphere attracts customers from far beyond the local area.
At London Union food market, situated in the Docklands, customers can listen to music as they dine on long communal benches. It’s a unique space that serves as an excellent representation of the authentic, DIY nature of street food.
Repurposing old or obsolete property for a new use is a significant trend in modern real estate, and it’s a trend that many food markets all around the country are picking up on. It’s sustainable, inexpensive, and an innovative use of sometimes derelict or underused space. Situating a food market within a repurposed commercial property can help businesses to save money and provide customers with a memorable space in which to dine.
Markthalle Neun in Berlin is an old warehouse, which has been repurposed to host regular street food festivals. It’s right at the centre of Berlin’s food revolution, and demonstrates the innovative nature of this booming new real estate trend.
Designated Retail Areas
Food markets are highly flexible, and as such, they can be incorporated into pre-existing retail spaces with relative ease. Traditionally, food markets are only seen in retail destinations during the Christmas period, however, this is quickly changing. We now see food markets generating significant footfall in a wide variety of locations, from university campuses to shopping centres, making them an increasingly popular feature of the UK real estate landscape.
The flexibility and agility of food markets is what has allowed them to become so ubiquitous throughout the UK, allowing retailers to increase their food service capacity as and when they desire.
- For more information about high street retail property to let or buy, see JLL’s retail high street collection.