Where to go for dinner? Fairfield County, apparently!

There are more restaurants per capita in Fairfield County, CT than anywhere else in the United States, aside from San Francisco, according to research conducted by a Trulia economist.
Southwestern Connecticut has about 27.6 restaurants per 10,000 households, as restaurateurs open multiple locations to grow their business as quickly as possible.
Steve Matsis, senior managing director of Pyramid Restaurant Group, a unit of Pyramid Real Estate Group, he doesn’t have to advertise for listings.
Calling it a “buyer’s market,” Matsis said restaurant values have decreased when owners offer their businesses for sale because there are so many available.
Downtown Stamford has more than 100 restaurants, said Matsis, who has nearly 30 years of experience in the industry.
Bedford Street, where asking rental rates average between $35 and $40 per square foot, and Building and Land Technology’s Harbor Point development, where average asking rental rates are up to $50 to $60 per square foot,
remain popular in terms of restaurant openings, he said.
“In the Harbor Point BLT development in the south end area of Stamford, numerous restaurants and bars have opened over the past couple of years, and more are on the way,” Matsis said. “Obviously, the allure of this area of Stamford is the waterfront location, which bustles in the summer months, and slows down considerably in the winter months, which leaves the question that considering the high occupancy cost and never ending rising food cost, how these restaurants can survive the four months of winter slowdown?”
Besides the desire to open multiple locations, the surge can be attributed to  falling rents in strip malls, inexperienced people opening restaurants and young diners who aren’t loyal to any individual or two restaurants, according to Matsis.
Many Baby Boomers are facing financial challenges and making personal sacrifices for their families, and there is little room left for regularly dining out,  but those in the Millennial generation do not face those challenges, he said, adding that Millennials are also the reason for the development of thousands of apartments in the city.
‘Without this segment of Stamford’s population, I highly doubt that there would be 100 restaurants, bars and other eating establishments in Stamford’s downtown and the south end area,” Matsis said.
The surge in restaurants has been a boon for landlords, but a bust could negatively impact property valuations, he said, commenting that the value of commercial properties are based on net operating income.