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.
The story was written by Natalie Dolce and appeared on GlobeSt.com on May 13, 2025. © 2025 ALM Global Properties, LLC. All rights reserved.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.