Part 9/10:
Other malls across the United States face similar declines, but few have experienced this magnitude of valuation collapse, legal entanglements, and physical degradation. It exemplifies how changing urban dynamics can profoundly shift property fortunes—transforming a once-prized asset into a distressed, nearly unusable shell.
Conclusion: A City at a Crossroads
San Francisco’s largest mall stands as a stark symbol of economic and social challenges. Its valuation has been halved several times over, and its occupancy rate remains perilously low. The scene inside is grim, with sanitation issues, homelessness, and abandoned storefronts painting a dismal picture.