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flag Kimco Realty CEO: Shopping centers adapt by focusing on services, not just retail, as consumer needs evolve.

flag Kimco Realty CEO Conor Flynn says shopping centers are shifting focus from retail to service-oriented businesses like health and wellness facilities to adapt to changing consumer needs. flag This shift is driving vacancy rates to record lows, with 80% of new deals coming from service businesses. flag Flynn also plans to convert parking lots into apartments as autonomous vehicles become more common.

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