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May 21, 2019

Seven Takeaways from RECon 2019, Day One

 

National Real Estate Investor
Sebastian Obando | May 21, 2019

The RECon 2019 show in Las Vegas kicked off this week as industry leaders touched on major trends in retail real estate, as well as other property sectors and their growing overlap with retail uses. Despite negative headlines about recent store closures, the feeling inside the Las Vegas Convention Center was upbeat on Monday. Here are some takeaways about emerging trends discussed on the show floor.

  1. E-commerce does not take away business from brick-and-mortar, but rather helps it.
  2. Bricks-and-mortar stores are growing.
  3. Store must adopt new formats.
  4. Investors still value retail assets—in markets with limited supply.
  5. Mall foot traffic is rising.
  6. Autonomous vehicles and rideshare services like Uber and Lyft will radically alter the footprint and purpose of mall parking lots.
  7. What are the five Fs of retail?
    The five categories currently flourishing in the retail space include food, fitness, fashion, furniture and fun.

Read the full article.

 
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