NEW YORK CITY—In May in Las Vegas, James Nelson, partner at GlobeSt.com Thought Leader Massey Knakal and author of the GlobeSt.com column The Full Nelson, predicted a possible record retail sales year for New York City. Updating that prediction for this exclusive video interview at ICSC's New York National Deal Making Conference, Nelson is happy to report that the prediction is very close to coming true, possibly with a $60-billion sales total, promising good things for 2015.
You'll also hear:
- What the hot submarkets are;
- The condition of under-retailing in New York as we swing into 2015; and
- Can there be too much of a good thing? Hint: Watch the luxury residential market.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
