LAS VEGAS—The impact of bankruptcies is going to be a prominent topic on the show floor at this year’s ICSC Las Vegas event, “partly because it frees up some 1,400 spaces in 2023.” That is according to Jason Baker, principal of Houston-based Baker Katz, who chatted with GlobeSt.com about the upcoming event. “This creates a lot of opportunity for new or established retailers to expand.”
When queried about his expectations for the upcoming ICSC event, Baker expressed his enthusiasm for the ongoing discussions concerning how the current economic landscape is influencing retailer expansion and new development. He commented that he is intrigued to observe which projects will come to fruition and which will not, as well as which retailers will continue to expand despite the economic challenges. Additionally, he expressed an interest in learning how industry leaders are navigating the current situation and seizing opportunities in the upcoming months.
His primary objective for this year’s event is to support national and regional brands seeking to expand into South and Southeast Texas. He mentioned that his team has been inventive in generating novel prospects regularly despite a market that is already heavily saturated. He added that they are eager to maintain their momentum and engage with new and existing clients who are considering Texas as their next expansion destination.