Slow and Steady Wins the Race at ICSC
Following last week’s two-day International Council of Shopping Centers National Conference and Deal Making at the New York Hilton, one can walk away with what can best be described as guarded optimism. The fear that permeated last year’s show has dissipated somewhat and retailers are beginning to look at deal making again, albeit in a very cautious and methodical way.
Potential tenants are weighing their options and looking for the best deal out there, with much of the focus on 2011 rather than 2010. Of course landlords want to fill their spaces now, but that inkling of optimism speaks to the long-term health of the industry. Retailers clearly have an eye on the future and by looking and re-looking, thinking and re-thinking, landlords are ensured to have the “right” tenants in their spaces, hopefully sooner rather than later.
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ICSC Spring 2011 Showcase Magazine
