Market Report from 2012 RECon Vegas ICSC – Equity Retail Brokers

Written by Bart Delfiner, Principal - Investment Sales, Equity Retail Brokers

The recently completed 2012 Las Vegas ICSC Show marked another year of productive meetings for the ten (10) agents and principals representing Equity Retail Brokers, Inc. While the overall economic conditions, and specifically the retail sector, appear to be trending in a positive direction, there was a general optimism about the year ahead. Our tenant representatives were quite active and a noticeable expansion of retail store counts across several categories was noted. The Investment Sales Division similarly experienced strong demand for single-tenant and multi-tenant assets from a number of national REITS which pointed to a continued trend of compressed CAP rates and corresponding scarcity of product.

This uptick in activity was also attributed to the strong cooperation of our sixty (60) affiliated partners in the Retail Brokers Network, which has offices in 38 states. The network booth was consistently active with meetings and a Monday cocktail party was an overwhelming success.  It all began with a Sunday network meeting that was very well attended and highlighted by a strong executive committee that outlined a robust agenda for the coming year. Several breakout sessions followed which were segmented by retail disciplines followed by regional sub-meetings.

The consensus view of the show was overwhelmingly positive. It had a mix of strong network participation, a professional support staff at the booth, great client relationships and encouraging industry outlook.

Retail Brokers Network General Membership Meeting

Retail Brokers Network Booth