ICSC: International Council of Shopping Centers



ICSC is committed to delivering the latest market intelligence and thought-leadership on global retail real estate trends. Our extensive informational and statistical resources and performance benchmarking tools are available to all members, enabling you to keep track of current market conditions and to anticipate where the industry is heading.



The shopping centre industry contributes significantly to the European economy and society at large. Retail real estate development and operations result in net economic impacts that far exceed the direct investments. The positive ripple effects from these centres resonate throughout the European economy via indirect and induced impacts, accruing benefits at a local, regional and national scale.

This report discusses European shopping centre fundamentals; the industry size, scope, and impact on employment and taxes.

To read the full report, please click here.



The foodservice industry is expanding at an exponential rate with the amount of space dedicated to food growing from five percent a decade ago to 15 percent today. This trend is expected to increase to 20 percent by 2025. ICSC commissioned JLL to deliver a global study that explores foodservice’s impact on retail real estate and strategies to seamlessly integrate restaurants to complement and enhance offerings with the overall retail real estate experience.

To read the full report, please click here.



ICSC’s latest report on the Nordic retail market seeks to highlight the key considerations for retailers who are looking to expand to any of the four major retail markets in the Nordic region with regard to their individual economic, socio-political and cultural characteristics to enable them to identify where the opportunities are for expansion and ensure that their brand strategy is tailored to the unique needs and desires of Danish, Finnish, Norwegian and Swedish consumers.

To read the full report, please click here.

Exploring New Leasing Models in an Omni-Channel World

This research reviews the revolution of omni-channel retail and examines how owner and retailer business models are adapting to the digital era. A revolution in omni-channel retail is altering or will soon alter traditional retail rent/leasing models. In this report, we analyse the impact of this massive transition on optimal retail rent leasing models and examine how both tenants and landlords are adjusting to change. The analysis is based on primary and secondary research, including the findings from approximately 90 interviews with representatives of retailers, shopping centre owners and other industry experts, and from presentations to special interest groups within the ICSC, involving over 200 members across the United States and Europe. Consequently, the project has sought to give a voice to the industry on the future direction of retail leasing and rental metrics. Rather than attempting to prescribe one specific leasing model form or set of forms, this report provides a toolbox that includes a wide spectrum of possible alternatives to aid the industry as it considers and develops future leasing models.

The Socio-Economic Contribution of European Shopping Centres

ICSC presented its new report on “The Socio-Economic Contribution of European Shopping Centres” during a thought-provoking panel discussion by industry leaders hosted in Hammerson’s new offices in Kings Place, London in July 2015.

Panellists David Atkins, CEO of Hammerson Plc, Heino Vink, COO of Multi Corporation, Peter Wilhelm, CEO of Wilhelm & Co and Peter Todd, Executive Director at Resolution Property discussed the different elements that make the retail real estate sector the backbone of the European economy, as well as the importance of offering sustainable retail models, the different regulations for Sunday trading in Europe and the future of high street retail. The panel discussion was moderated by Art Patnaude, Real Estate Correspondent at The Wall Street Journal.

The report will be used to highlight the importance of the industry when meeting stakeholders and parliamentarians in Brussels. 

To read the full report in French, please click here