Struggling shopping malls are dragging down on commercial property values

November 10, 2017 11:16AM

Mall valuations took a 6 percent dive from September to October and fell by 11 percent in the last 12 months, according to a report by real estate research firm Green Street Advisors. Those dwindling values are weighing down the the entire commercial real estate market, Green Street found. The firm’s commercial property price index, which tracks REIT-owned properties, decreased by 1 percent from September to October — the largest month to month drop since the financial crisis, the Wall Street Journal reported. [WSJ]