Malls across the country are outperforming every other type of commercial real estate, and Bucks County has a front-row seat to the trend through Simon Property Group’s Oxford Valley Mall, writes Kate King for The Wall Street Journal.
Mall values climbed 13 percent over the past year, more than double the overall gain across commercial real estate, according to real estate analytics firm Green Street.
About 900 malls remain open nationwide after roughly 200 closed since 2008, a sharp reversal from the pandemic years, when store closures, shrinking foot traffic, and online competition pushed many centers toward collapse…