Shopping Center Convention Holds Promise for Ready Mix Industry

The prime message at this show was real estate fundamentals are seeing improvement: demand catching up with supply; retail sales higher than 2007; overall rents higher than previous quarter; and 155,000 construction jobs added in the past year. These improvements have spurred interests of investors, primarily commercial mortgage backed securities. One area of massive expansion reported is in outlet mall facilities. NRMCA will post a list of outlet mall facilities being planned in our members-only area later this week. These facilities are being planned throughout the United States and offer great opportunity for large parking lots. Now is the time to establish concrete as a bid option in these jobs through NRMCA’s Full-Loop promotion efforts.