Economic Indicators are Pointing Up for
Shopping Center Business & Model Makers
Retail is on the rise. I am grabbing any good economic information I can find these days. If you believe the news reports or articles from the International Council of Shopping Centers (ICSC), people are retuning to the stores for some retail therapy. As one reporter described it, there is a “burn out of frugality”.
What does this mean for us in the model making world. Surprisingly enough, shopping centers were at one point a good percentage of our business. Not much has been done with them in the last few years, and as of today I have yet to see a huge upswing in new shopping construction–but I do believe it is coming back even if it is slowly.
With the giant ICSC show is opening in Las Vegas at the end of May, we are expecting to have new models represented on the shows floor as we have in the past. The Las Vegas ICSC show is the place were most major retail deals are made. Attendees know, it is a great showcase for new construction.
I would love to hear from the design and construction industry if you are seeing a change this year because personally, I am ready and looking forward to an economic boom any day now.