The thing about the facts you cited is that some investors worry about a collapse of the commercial real estate market. That collapse could be a "trigger" for a larger collapse. Interestingly, a lawyer who deals in commerical real estate told me that if ObamaCare were repealed, the commercial real state market would probably collapse. I asked him why, and he said it was complicated, but I believe it involves the projections of all the millions getting free or subsidized care in the health industry, and how that drives commerical real estate occupancy, leases, and growth.
I sold commercial RE in Seattle in the early 80’s. And yes, the Commercial RE part is part of what I’m implying in my posts. I’ve been following the success/demise of shopping malls for quite a while, now. I’m actually kind of surprised that they are still a thing.
I have noticed that all of the “off price” malls around me have a lot of vacancies.