CBRE/New England’s First Vice President of Retail, Andrea DeSimone, just returned today from the annual conference at the Palais des Festivals in Cannes, France. MAPIC is the premier event for the international retail real estate market. The three-day gathering attracted over 8,000 participants who attended a variety of exhibitions, conferences and networking events catered to retail developers, owners and brokers.
Andrea reports that the mood of the MAPIC retail conference was very optimistic, suggesting incredible demand for U.S. retailers to open locations in the major European markets. Online retail versus traditional brick-and-mortar retail remained a hot topic, in addition to a true focus on retailers that have successfully developed a mature omnichannel strategy to reach their customers. Meetings with retailers in the luxury sector further prove that Boston’s Back Bay is a world-class city, remaining one of the major markets of intrigue and interest. Recent retailer openings on the famed Rue d’Antibes (the boutique shopping street of Cannes) include Bialetti, Hugo Boss, Twin Set, COS and Pylones. Boston’s Back Bay would be an ideal U.S. gateway location for high street international retailers like these.
Andrea is available as a resource for more information on MAPIC, in addition to all of your other Urban Retail needs.