May 13, 2025

Sean Tufts previews key retail trends ahead of ICSC Las Vegas 2025 in GlobeSt. article

In a recent GlobeSt. article previewing ICSC Las Vegas 2025, Sean Tufts, managing director at Northmarq, offered insights on the current state of the retail market and the themes shaping this year’s conference.

Below is a snippet of the article:

We also caught up with Sean Tufts, Managing Director of Investment Sales, Northmarq, who noted that “For Northmarq, this year’s ICSC Las Vegas is especially exciting. We’re introducing our new Shopping Center National Group, expanding beyond our Northwest roots to offer clients national-scale investment sales support. It’s a great moment to deepen relationships and explore new markets.”

Tufts also expects capital markets and macroeconomic conditions to be hot topics. “We’re seeing heightened focus on tariffs and the uncertainty they create for retailers. The volatility in the 10-year Treasury is affecting financing strategies, complicating decisions around holding versus selling assets,” he said. “While leasing activity is at record highs, new development is at record lows—especially in the Northwest—contributing to a continued net loss in retail square footage.”

“Owners are increasingly looking at recapitalizations as a way to preserve fees and cash flow,” Tufts adds. “These are the kinds of insights and strategies we’re eager to discuss with clients and peers at ICSC.”

Read the full story at GlobeSt.com.

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Meet our specialty retail teams: National Shopping Center Group.
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About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.

Investment Sales - Commercial