Comment on The lowly neighborhood strip mall might be the hottest new thing in commercial real estate

The lowly neighborhood strip mall might be the hottest new thing in commercial real estate

The outdoor strip mall has become a hot commodity.Allen J. Schaben/Los Angeles Times via Getty ImagesInvestors are seeing new value in the strip mall.A lack of supply and an uptick in in-person neighborhood shopping has increased their value.One commercial real estate investor called the opportunity a "retail renaissance."Strip malls, of all things, appear to be trending up.After decades of decline brought on by the rise of large box stores, e-commerce, and the pandemic, the humble and sometimes derided neighborhood shopping center had long been on the outs.

 

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