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Malls Are Back and Apartments Are Struggling | San Jose News
Malls are making a shocking comeback, surging 12% in value last year—outpacing all other commercial property types. Once written off as obsolete, they’re thriving thanks to redeveloped spaces, rising demand for in-person shopping, and mixed-use hubs featuring food, entertainment, and even gyms. Strip malls are also rebounding with a 9% gain. Meanwhile, standalone storefronts barely budged at just 1% growth, still lagging from pre-pandemic highs, while apartments remain flat and down significantly from their peak—proving not every real estate sector is riding the same wave. Listen in…
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