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Hungering for good news? Restaurateurs braving slump, high lease rates in east village.

Publication: San Diego Business Journal
Publication Date: 29-SEP-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
While downtown's restaurateurs bemoan the lease rates that building owners charge, particularly as they see patronage declining, demand for space created by a continual stream of operators coming on line means those rates will keep going up.

The primary reason, says Steve Zolezzi, executive director of the San Diego Food & Beverage Association, is that owners are willing to take the risk that they can make a go of it where others have failed.

More space is opening up downtown, most of which is in new or remodeled buildings in the East Village, and analysts say that that...

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