Tuesday, April 14, 2009

No Big Surprise.... but there is good out there

As an owner of commercial retail properties, we have seen an interesting
trend. It appears that some of the larger retailers that have corporate
debt problems are capturing all of the news. They are the tenants that
are going out of business. The smaller retailers seem to be doing
better then their bigger box competitors. They are not leaving their
locations in droves as the press reports would indicate. They are
holding their own and running their business in a leaner environment.
As the landlord, this is a welcome sign. It means that our tenants are
still paying rent (on time!) and that we can operate our properties in a
normal fashion. The negativity that the press portrays seems to be
sensationalistic. I guess that's not a big surprise.

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