The Retail Bogeyman Has Been Slain

Brick-and-mortar retail REITs are fundamentally strong as E-commerce market share plateaus near 16.4%, with omnichannel strategies driving coexistence. Rising shipping and return costs, reduced subsidies, and a pivot to service-oriented tenants have increased the value of physical retail space. Shopping center REITs like BRX and KIM benefit from limited new supply, strong leasing spreads, and landlord-favored negotiations.