It wouldn’t be the summer edition of Landmarks without our annual recap of the retail real estate industry’s largest event, ICSC RECon, which takes place every May in Las Vegas. Each year, RECon serves as a barometer for activity and industry sentiment in retail real estate. We found attendance and activity to be very robust at RECon this year, especially early in the conference. We did note that activity waned on Tuesday afternoon and was sparse on Wednesday, but that those who stuck around reported having meaningful meetings. The overall mood of RECon appeared to be positive, and the industry has moved past the doomsday headlines regarding the death of retail and is now sharply focused on retail innovation and shopping center redevelopment.
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