LAS VEGAS—At last week's ICSC Las Vegas event, Amanda Metcalf, the editor-in-chief of Commerce + Communities Today, moderated a panel discussion, where one of the topics of the day revolved around the question: What are landlords looking for when it comes to selecting tenants?
Emily Durham, the Senior Vice President of Food & Beverage Advisory at JLL, said that with a wealth of experience in the field, Emily emphasized the paramount importance of stability for landlords. They sought credit tenants, franchises, and particularly multi-unit franchisees. It was an ongoing conversation between landlords and tenants, often marked by divergent interests. Emily emphasized the necessity of finding common ground, urging both parties to meet in the middle for a successful partnership to flourish.
Kwame Brathwaite, the Senior Vice President of Real Estate Development at Kitchen United, took the floor next. He shed light on an intriguing aspect of landlords' desires — an inclination towards experiential offerings for their tenants. Landlords, in their quest to entice people back into office spaces, aimed to provide an enticing array of choices and variety. They sought tenant concepts that could bring a touch of excitement and convenience to their properties, ensuring tenants need not venture outside the premises for their desires to be fulfilled.
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