Success Of Top-Tier Malls Masks Enduring Distress In Sector's Underbelly
AI Summary
Top-tier malls have driven a 13% rise in mall property values, according to Green Street, while many lower-performing properties remain distressed. The contrast shows that gains are concentrated in Class-A malls rather than reflecting a broad recovery across the sector.
Malls are the best-performing CRE sector, with values up 13%, Green Street found — but most of that comes from Class-A malls as hundreds of others struggle.
Markets Real Estate shopping malls commercial real estate Class-A malls property values sector distress Green Street