What Are Your ICSC Predictions?

The International Council of Shopping Centers’ spring convention, now called RECon, kicks off on Sunday.

Local publications in various cities are already starting to cover the event, and we’ve had some pre-conference coverage here, and we’ll have plenty more of it during the show.

We aren’t sure what to expect when we arrive at the convention center. Every year we’ve gone, the retail real estate industry has seemed to thrive compared to the rest of the economy. But now many retailers’ sales are dismal and more than a few are cutting back their expansion plans.

Some people have told us that it will be business as usual and people will even work harder than ever to overcome this tough market. Others we’ve talked to predict empty booths on the convention floor, a slowdown in the usual chaotic foot traffic and way fewer networking parties than in years past.

So what’s your take on it? Will it be extremely busy as usual or are we going to see a significant drop in activity?


8 Responses to “What Are Your ICSC Predictions?”

  1. 1 Dave May 16, 2008 at 8:36 am

    Most of the people that I have spoken with, have told me that their calendars are so full of appointments that they do not expect to be able to walk around and see the other booths. To me that sounds like there is not going to be a slowdown.

  2. 2 Todd May 16, 2008 at 9:00 am

    Those that I have spoken to from all facets of commercial real estate (developers, retilers, etc) have said that they are sending fewer reps to the show in a money saving effort. Others say they won’t have a booth this year. I think we all just have to work harder until things pick back up again.

  3. 3 Paul May 16, 2008 at 9:44 am

    While some retailers and developers are cutting back this year by sending fewer people or none at all, most firms are still going to have a strong presence. In addition, the number of parties this year is as strong or stronger than ever. So far, 2008 looks like a good year for attendance, but a lot of that is driven off of prior years’ momentum and habits. However, a lot of the meetings won’t yield devlopers or retailers much in the way of new ’08 and ’09 deals.

    The true measure of how things are going will be the ’09 convention, and that will be much less of an event than we’ve all gotten used to.

  4. 4 michael winer May 16, 2008 at 10:32 am

    there will be far fewer people at the convention and they will lie about it for PR purposes.

  5. 5 Les Minkus May 16, 2008 at 11:33 am

    We are developing a retail entertainment lifestyle complex in Yuma, AZ that reflects a community need and interest. While ICSC will be a meeting point for developers, retailers, funding sources and others, it will also offer insight into market intelligence, competitive intelligence and relationship building. There are only a limited number of meaningful meetings and contacts that one can cover in 3 fully packed days, so for me choosing how to use my time wisely will determine the value and payback for my time and out of pocket investment of being at ICSC.

    Would be happy to meet with you at our architect’s booth Kurt D. Reed & Assoc or at our leasing company’s booth Sperry Van Ness to talk about our unique designs, entertainment theme and story. Just call me on my cell # 847-927-0856 and we can arrange to meet.

  6. 6 Nancy H May 16, 2008 at 12:10 pm

    If companies are smart, they will be there. In a slowing market, pr and marketing efforts are the key to getting and keeping business ventures. As you put it, working harder than ever to overcome this tough market is mandatory. People need to get out there – make connections – get noticed and notice what others are doing to survive. Lots of companies may be putting expansion plans on the back burner, and closing innactive stores, but development is continuing at a slower rate. There is still tremendous potential, and only those who go after it are going to succeed. Kind of like the lottery slogan – you can’t win if you don’t play.

  7. 7 TexasTim May 16, 2008 at 1:10 pm

    Look for a drop of 20 – 25% in attendance.

  8. 8 Realist May 20, 2008 at 12:17 pm

    The numbers quoted by ICSC on attendance are higher than actual, since many just didn’t show up. Cheaper for retailers to just not send the people and eat the $360, or whatever, fee.

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