Until recently, office buildings were the pinnacle of commercial real estate—skyscrapers stretched perception and awed as symbols of prestige and value. Malls were the buttressed center of communities, where young people reliably gathered to hang out at the video arcade and their families would do what Americans do best: consume. What happens when behaviors change? Franklin Equity Group Portfolio Managers Blair Schmicker and Daniel Scher reflect on the ever-evolving landscape of commercial real estate, and the answer to that question might surprise you.
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