In the latest trading session, Simon Property (SPG) closed at $116.41, marking a -0.83% move from the previous day.
Simon Property (SPG) closed at $114.77 in the latest trading session, marking a -0.61% move from the prior day.
One of the main economic clouds on the horizon involves the commercial real estate sector, which is being negatively impacted by rising interest rates. Commercial real estate investors were lulled into complacency by years of ultra-low interest rates. The COVID-19 pandemic caused tremors in the office real estate market, and retail has been struggling as well.