By: Matt Winn, Global Retail COO, Cushman & Wakefield
Having just attended RECon Asia 2013, where we officially kicked off our global partnership with ICSC with a bang, we’re thrilled to be in New York City this week for the New York National Conference.
As the saying goes, change is the only constant. And change is certainly on our mind this week. We are already a little nostalgic as this is the New York Conference’s last year at the Hilton New York and Sheraton New York Hotel & Towers. Truly, we have some great memories of shows past here. But we’re also excited about the future and ICSC’s move to the Javits Center for the 2014 Conference, which will be a terrific new venue. Congratulations to ICSC for making it happen.
Change is also on our minds as we consider retail in New York. Perhaps there’s no better example of a shifting retail landscape than Lower Manhattan. Once considered a business district and little else, Lower Manhattan has become a desirable place to live, work and visit. The residential population has exploded over the last 10 years, tourist volumes are way up, and the number of hotel rooms available and rooms in the development pipeline has grown dramatically. Add to those conditions an ever-diversifying employment base and you have all of the ingredients for a vibrant, growing 24/7 environment ripe for a retail renaissance.
Our just-released white paper “Retail Revival: The Rebirth of Retail in Lower Manhattan” takes a closer look at what’s happening in this part of the city and what further changes may be in store. We think you’ll find the report intriguing.