- The mood at the Mid-Atlantic ICSC was positive and upbeat this year.
- Attendence was very good - there was a lot of activity and the conference as a whole seemed to buzz.
- More tenantswant to open locations and more developers ready to step up the plate to build.
- New product is entering the pipeline driven by low interest rates high demand.
- In the DC area, there hasn't been much retail built since the recession and it looks like that is beginning to change.
- DC has very low retail per capita and with the young and the affluent moving back to the District, there is room for new construction in our market.
- DC continues to be a very popular location for investment and is still observing very low cap rates.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
