Guest: Karly Iacono
Topics: retail, real estate, ICSC, creative deal-making, five-year plans, retail space, grocery growth, market shifts, mature retailers, expansion

In this episode of ‘What’s in Store,’ hosts Chris Ressa and Karly Iacono, Senior Vice President at CBRE, discuss their key takeaways from ICSC New York 2024. Creativity in deal-making, the importance of long-term strategies like five-year plans, the evolving use of retail space, market shifts towards grocery growth in the Northeast, and the aggressive expansion of mature retailers are top of their list. The need for flexibility in retail strategies and the potential for growth in various markets is a main focus.

Takeaways

• The creativity of deal-making is becoming more prominent.
• Retailers are focusing on long-term strategies with five-year plans.
• The use of retail space is evolving with new innovations.
• Grocery growth is shifting towards the Northeast market.
• Mature retailers are aggressively expanding their footprints.
• Flexibility in retail strategies is increasing among retailers.
• Investors are looking for growth opportunities in established markets.
• The retail landscape is stabilizing after recent fluctuations.
• Creative deal-making is essential for navigating current market conditions.
• The importance of adapting to changing consumer behaviors is critical.

Chapters

00:00 Holiday spirit and conference kickoff
01:06 Creative deal-making and business plans
04:07 Long-term strategies: The five-year plan
08:01 Changing retail space: Innovations and flexibility
14:12 Market shifts: Focus on grocery and Northeast growth
19:57 Mature retailers: Expansion and stability