Las Vegas2
Jun 2


las Vegas

With 3 representatives from Callaway and over 37,000 others in attendance at last week’s ICSC Las Vegas Recon, the energy was intense as the retail industry worldwide came together under one roof. The attitude was one of optimism as deals were being made left and right. Many people were asking the same question, is retail construction on the rise or slowing down? The answers seemed to be somewhat mixed however most were expressing optimism about the strength of the market.

Real estate sources reported that occupancy rates nationally are solid, Net Operating Incomes are up, base rent is rising and Cap Rates are holding strong; all good signs that the market is still strong moving forward. Some concern that E-commerce and the rise of technology may affect the brick and mortar industry however retailers are embracing the synergy of providing both platforms. This Omni channel strategy is on the rise. Bottom line, the retail industry continues to look solid for the foreseeable future as those of us at Callaway can attest.

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