How does Kimco select locations for new developments?

Kimco Realty Corporation utilizes a comprehensive approach to select locations for new developments. The company primarily focuses on market conditions, demographic trends, and the needs of local communities. One key factor in their site selection process is extensive market research, which allows them to assess various geographic areas and identify emerging trends. This research includes analyzing population growth, income levels, shopping patterns, and other economic indicators that can affect retail performance. Additionally, Kimco pays attention to the competitive landscape, examining the presence of existing competitors to determine if the market can support new developments. They also consider accessibility and visibility, ensuring that potential locations are easily reachable and can attract foot traffic. Proximity to transportation hubs, major roadways, and residential neighborhoods is crucial in selecting locations that will drive customer engagement and, consequently, the success of the retail spaces. Furthermore, Kimco engages with local stakeholders and conducts discussions with community members to understand specific needs and preferences. This community engagement helps Kimco to align its developments with local expectations and desires. By combining quantitative data with qualitative insights, Kimco aims to create vibrant retail destinations that enhance both community life and its portfolio. For more specific details regarding development strategies or locations, it may be helpful to visit the current web page of Kimco Realty Corporation.