Commentary

Tumbling Values Underscore Quality Gap Among Regional Malls

CMBS

Summary

Once vaunted by Consumer Reports as one of the top 50 wonders that revolutionized the lives of consumers, shopping malls have seen a lot of upheaval in the 30 years since reaching their peak in the early 1990s: the dot-com boom and bust, the 9/11 terrorist attacks, the 2008 Great Financial Crisis, and the rise of big box stores and e-commerce. But the Coronavirus Disease (COVID-19) pandemic is the accelerant thrown on a slow-burning fire and has dimmed the prospects of many regional malls more than any other factor.