The Shopping Center Industry is Essential...
Shopping centers serve as a central gathering place for communities, where families and friends come together. Unlike any other “place,” shopping centers are built around the needs of communities, while building value in them at the same time.
Shopping Centers Are a Good Investment for You...
Over the past five years: S&P 500 rose by 106.4%, Local Retail REIT Index rose by 149.9%,Regional Retail REIT Index rose by 227.8%, One-fourth of all REITs are shopping center-related.
...And a Good Investment for Your Community, Too
1 out of every 11 jobs is directly related to the industry, $24 Billion in Property Tax Revenue, and nearly $141 Billion in Sales Tax Revenue...
...But shopping centers are more than just retail hubs – they are the heart of the community, pumping back significant social and charitable support.
Innovating for the Future
The convergence of physical and digital retail is a major trend that is shaping the industry right now, with the physical store remaining at the epicenter of the omni-channel experience.
Founded in 1957, ICSC is the global trade association of the shopping center industry. Its more than 70,000 members in over 100 countries include shopping center owners, developers, managers, investors, retailers, brokers, academics, and public officials. The shopping center industry is essential to economic development and opportunity. They are a significant job creator, driver of GDP, and critical revenue source for the communities they serve through the collection of sales taxes and the payment of property taxes. These taxes fund important municipal services like firefighters, police officers, school services, and infrastructure like roadways and parks. Shopping centers aren’t only fiscal engines however; they are integral to the social fabric of their communities by providing a central place to congregate with friends and family, discuss community matters, and participate in and encourage philanthropic endeavors. For more information about ICSC visit www.icsc.org and for the latest news from ICSC and the industry go to www.thecenterofshopping.com.