Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Trade Shows Las Vegas: ReCon 2015 #ReCon2015

The International Council of Shopping Centers (ICSC) is all about advancing the shopping center industry and to promoting its role in the commercial distribution of consumer goods and services.  Recon is their Global Retail Real Estate Convention, and a fine platform for explaining why things are going well for the business;  for instance the industry as a whole has been thriving and “only going up”. In 2014 the average value of shopping center construction ($14.5 billion), occupancy rates (92.7%) and rent (+ 6.5%) all soared to record-breaking highs since 2008. Shopping center NOI (that’s Net Operating Income to us acronym ignoramuses)  also experienced a record growth rate (+8.3%) since 2000.  Mall sales productivity per square foot was up from $385 dollars in 2009 to over $475.  Based on U.S. Census Bureau data, the value of shopping center construction, including work done on both new and/or existing structures, reached $14.5 billion in 2014, the highest since 2008. The recession?  It’s just so over…  #ICSC2015 #ReCon2015