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Malls Rise as Apartments Stall | San Jose News
Commercial real estate is staging a comeback after a brutal four-year slump, with malls leading the charge up 12%—even surpassing their 2022 peak—while apartments stall at zero growth and offices plummet 34%. The apartment market’s collapse, down 19% since 2022, stems from high interest rates, overbuilding, and rising costs. Meanwhile, self-storage tanks 22% as fewer people move. Despite inflation soaring 13%, commercial RE has lagged, dropping 13% since 2022—while Treasury bills delivered 19% risk-free returns and the S&P 500 surged 91%. Shoppers are returning to brick-and-mortar, reviving…
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