Small Businesses And Retail Space

Small Businesses And Retail Space

Most urbanites say they'd rather see more locally owned shops and fewer chain stores in their neighborhood. But the reality is that local businesses have trouble competing with national chains when it comes to leasing retail space.

Most urbanites say they'd like to see more local and independently owned shops and fewer chain stores in their neighborhood. But many local businesses find that leasing retail space in a good location is nearly impossible. Many developers and landlords prefer safe "credit tenants," which are typically national chains that can commit to long leases and afford to pay a premium. It's an economic reality that keeps mom-and-pop shops out of some of the city's most lucrative addresses. We'll hear from local business owners and landlords about the challenges on both sides.

Guests

Jim Abdo

President and CEO, Abdo Development

Joel Finkelstein

Owner, Roaster, Qualia Coffee (Washington, D.C.)

Chris Santillo

Owner, Potomac Kempo

Missy Frederick

Reporter, Washington Business Journal

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The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.