X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Perspective

The retail sector is enjoying exceptionally strong growth, and the prognosis is excellent as the economy continues to fuel consumer demand. However, REIT and private retail owners no longer seem satisfied with the core growth of their portfolios. Their focus now is on squeezing more value out of their properties by pursuing mixed-use developments that integrate hotels, office buildings and multifamily in, on and around their properties. This is being played-out in a range of assets, from premier super-regional properties to suburban malls in transition. The trend is also fueling demand for development talent that can bring the new-product expertise to the retail team. This comes at a time when the market is already red hot for developers. However, the mall guys have a real advantage in attracting talent because they often control great sites that are prime for these strategies. It’s an exceptional career play to be the product specialist in these dynamic companies.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.