ICSC CEO Tom McGee on Retail Real Estate

The video discusses the impact of the pandemic on retail, highlighting declines in mall foot traffic but also a growing optimism due to positive earnings, strong retail sales, and vaccine rollouts. It reflects on the evolution of malls from the 1980s to now, emphasizing a shift towards entertainment and social interaction. The convergence of digital and physical retail, such as curbside pickup, is seen as a lasting trend. The video also addresses the challenges faced by anchor tenants and the shift towards mixed-use real estate.

What role does the vaccine rollout play in the recovery of the retail sector?

In what ways are anchor tenants evolving in shopping centers?