“But service-oriented strip mall retailers in densely populated urban and suburban neighborhoods performed well throughout 20.
Many stores did close, and only time will tell how retailers reliant on office workers and tourism will fare,” Applegate wrote. “There’s a misconception that the pandemic forced most retailers to close. Strip malls remain a viable asset class for investors, either through the direct purchase of commercial properties or through real estate investment trusts (REITs).Ī financial advisor can help you invest in commercial real estate and other asset classes.
Troy Applegate, head of commercial mortgage lending and commercial banking at JP Morgan, noted in recent commentary that strip malls have been high performers throughout the COVID-19 pandemic.
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