Next week, Minneapolis-St. Paul International Airport will seek new restaurants and stores for the first time since before the pandemic.
And your opinions factor into those decisions. If you’ve ever provided MSP with feedback on wanting a different restaurant on a concourse, it’s been filed in their database.
“We review and read every single comment that comes from our passengers, and we categorize them,” said Isabella Rhawie, interim vice president for revenue development for the Metropolitan Airports Commission. “If we’re getting a lot of comments from people saying ‘I want a salad place,’ we’re going to get a salad place.”
The last wave of new shops and eateries opened in 2019, just before COVID-19 pandemic temporarily disrupted air travel. For small-business owners, the airport is one of the most lucrative and challenging business opportunities in the region.
The leases are for a fairly long time in retail life — 10 years, instead of three to five. With a consistent, predictable customer base, the revenue potential is around $2 million to $3 million a year.
On the other hand, work starts at 3 a.m. to be ready for passengers on the first bank of departing flights, which starts around 5:30. There are numerous complexities to master, from sending all employees through security at each shift to scheduling product deliveries through a single company to a required remodeling halfway through the lease.
“The airport in general is just such a different venue from any street-side location,” said Rhawie, who has been working at the airport for a decade and previously worked in leasing at the Mall of America. “It’s something that you have to plan ahead of time and understand the process. But we do our very best to outline that process as clearly as possible.”
MSP is offering eight spots in Terminal 2, the smaller terminal used by Sun Country, Southwest and a handful of other airlines. A multiyear makeover of Terminal 1 businesses begins in 2027, which will create dozens more opportunities for prospective operators.