When the conversation turns to plunging commercial real estate values, the focus usually is on older urban office buildings that have had their occupancy levels hollowed out by hybrid work patterns.

But the picture for older, low-end indoor malls is just as grim: a lot of these 1980s-era shopping meccas now are worth at least 50% and, in some cases, more than 70% less than they were when mall valuations peaked in 2016, according to a report this week in the Wall Street Journal.

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Jack Rogers

GlobeSt

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