ICSC and Trepp Launch US Center Benchmark Survey
Earlier this year we mentioned that ICSC was teaming up with Trepp LLC to take a thorough benchmark analysis of income and expense data from shopping centers in the US. As of this week, the survey driving that analysis is available.
The duo is looking for participants to contribute to the analysis be uploading operating and performance data. The Center Benchmarks survey will collect that data, which will be aggregated and analysed once the survey is complete in June 2013. Then a Center Benchmarks report will be made available to member-participants for free and non-participants for purchase. In other words, if your center would benefit from the benchmarks, it’s probably worth participating.
The survey is anchored by Trepp’s database of nearly 20,000 properties, so it’s sure to have a wide sample of data to work with. “We think we struck the right balance with an approach that includes both data from our own engine, as well as direct input from members about the operational performance of shopping centers,” said Trepp’s CEO Annemarie DiCola.
If you want to participate, or just to learn more, you can check out the survey’s website here. Here’s ICSC CEO and President Michael Kercheval on the project:
