Here’s what every brewery needs to know about real estate
The craft beer industry has grown at a remarkable pace. From 2011 to 2016, 36 states more than doubled their annual production-nearly half of those tripled it. That expansion is continuing across the country, strengthening both large and small markets alike.
Craft breweries impact local economies with more jobs and increased revenue from sales taxes, licensing fees and other fees. According to the Brewers Association, the craft brewing industry injected $55 billion into the U.S. economy in 2014 and created more than 424,000 jobs. Today in Orange County there are over 45 established craft breweries within the region’s borders. Brewery hubs are appearing from the South County submarket in San Clemente to North County in Brea. At the epicenter, Anaheim leads the county with 14 breweries, more than double the amount of any other city in the region.
JLL’s latest guidebook provides production and brewery data in states across the country and identifies the latest trends in local beer hubs. It is meant to educate those interested in the craft brewing industry and provide information for brewers who are interested in their impact on real estate.