Retail Expert Poag Shares Insights on Industry Resilience Amid Market Turmoil

Redevelopment and value-adding are key focuses for retail owners and landlords amidst economic uncertainty.

May 16, 2023

GlobeSt
By: Natalie Dolce

LAS VEGAS—The upcoming ICSC Las Vegas conference is set to be a fascinating event, as tumultuous conditions continue to roil the financial markets says Josh Poag, president and CEO of the Poag Development Group based in Memphis, who recently shared his insights with GlobeSt.com in advance of the conference. He predicts that there will be a significant amount of distress in the mall world, making the conversation around the evolution of viable uses in retail and mixed-use centers all the more relevant.

While new ground-up development may not make strong economic sense at present, Poag sees plenty of opportunities for retail owners and landlords to add value to their existing centers by incorporating entertainment, multifamily, and hotel amenities that can drive sales. As for what he hopes to learn more about at ICSC, Poag is hyper-focused on redevelopment and keen to hear about new trends related to evolving properties into mixed-use centers that are cost-effective and time-sensitive.

For Poag, the conference is a chance to stay informed about new retail and mixed-use projects across the country, identify potential development opportunities, and connect with industry peers. As he prepares for the event, he is eager to learn about how his peers’ portfolios are faring and what their focuses will be in the years ahead. As the industry adapts to changing market conditions, Poag and his team are determined to stay ahead of the curve by exploring new strategies for redevelopment and growth.