Consumer trends and unwieldy buildings drag down price of mall properties

Once coveted mall properties now sell for a fraction of what was once a big ticket.

  • By Louis Llovio
  • | 10:30 a.m. June 14, 2022
  • | 0 Free Articles Remaining!
Edison Mall in Fort Myers sold for $33 million in 2019.
Edison Mall in Fort Myers sold for $33 million in 2019.
Photo by Stefania Pifferi
  • Commercial Real Estate
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Word came May 23. The Crossings at Siesta Key mall had sold for $25.1 million. That followed October’s news that DeSoto Square in Bradenton had sold for $20 million. In 2019, Edison Mall in Fort Myers sold for $33 million.

 

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