- Some may be bearish on the future of retail-based REITs, but those focused on industrial warehouse space are becoming the darlings of the sector. "Amazon is at the forefront of a larger trend that has seen demand for well-located logistics centers, very close to major urban centers increase sharply," says Sam Chandan of Chandan Economics.
- "The online retailers have struggled to figure out how to get the goods closer and closer and closer to where the people live," says PWC partner Mitch Roschelle. A survey by his firm finds warehouses the strongest prospect for both investment and development in 2014, with two-thirds of respondents calling them a "buy."
- Chambers Street (CSG +0.1%) - which came public last spring - owns six Amazon fulfillment centers. They're larger properties, but Amazon has its eye on smaller spaces closer to customers. It's a trend that's catching on as "mom and pops" in the e-commerce game are also looking for well-located, appropriately-sized properties.
- Industrial space REITs also include STAG and LRY.