Charlie Myers: The Good News About the Future of Retail Development
By: Charlie Myers
Published in D CEO June 12, 2015
I recently attended the International Council of Shopping Centers’ RECon conference in Las Vegas—along with retailers, developers, investors and brokers from around the globe. It was the largest attendance since the recession, and there were a lot of new players, including many office and hotel developers who traditionally have not been involved in retail.
The mood at RECon was very bullish, as everyone came to make deals for building, leasing or buying space. In previous years, there was a great deal of posturing and waiting for better times because it was not that many years ago that we were downsizing and shuttering stores. This is no longer the case. In fact, the consensus at RECon was that retail development is exploding. However, there is not a lot of available space so build-to-suits and renovations of existing spaces will be a popular trend moving forward.