Big REITs, Little Stores

Llenrock posted an interesting snippet about the changing tenant dynamics in the retail space, here's an even shorter excerpt...

Despite popular opinion, many local businesses and neighborhood stores, either due to the nature of their products and services or by the sheer convenience of being “right down the street,” are not significantly affected by online retailers like Amazon. As Kimco’s CEO explained to Jim Cramer a while back, local businesses such as dry cleaners and convenience stores offer increased income while filling the small vacancies in REIT-operated shopping centers. Finally, the big guys and the little guys are teaming up.