C&W and ICSC to Issue Findings of Global Shopping Center Industry Report at World Summit
6 Sep, 2012, New York
Cushman & Wakefield today announced that in conjunction with the International Council of Shopping Centers (ICSC), it would release a study examining the global shopping center industry at the 2012 ICSC Retail Real Estate World Summit in Shanghai, being held September 11-14, 2012.
The report focuses on global retailer and macro consumer trends impacting the global shopping center industry, as well as rent and demand trends for prime shopping centers globally and regionally in Asia Pacific, Europe and the Americas. It also provides an overview of how these trends will shape tenant mix, as retailers and shopping center owners position their centers for the next phase of global growth.
"Our preliminary findings show that despite the lack of a broad, global recovery and bifurcated regional economic performances, prime malls/shopping centers have generally been strong performers in terms of tenant demand, sales and increased rental rates across nearly all regions of the world," said Glenn Rufrano, President and Chief Executive Officer of Cushman & Wakefield.
"We are pleased to partner with Cushman & Wakefield, a leading global firm, to disclose the findings of this important report at the World Summit," said Michael P. Kercheval, president and CEO of ICSC. "This report will be of significant interest and value to our attendees and the fact that Cushman & Wakefield selected the summit as the platform to disseminate this information speaks to the critical nature of the conference."