Real Estate Insights: A behavioural approach to shopping centre investment resilience

James R. DeLisle

Journal of Property Investment & Finance, 2026, vol. 44, issue 5, 487-494

Abstract: PurposeTo examine the resilience of shopping centre investment performance in the face of innovations and disruptions.Design/methodology/approachThis paper is based on introspection.FindingsShopping centre allocations have declined over time in part due to uncertainty surrounding the property type triggered by the challenges associated with innovations and disruptions.Research limitations/implicationsInvestors have under-allocated to the shopping centre industry due in part to a lack of understanding of market fundamentals and fear of underperformance.Practical implicationsDiscussion of the behavioural nature of the real estate market and the resilience investments have demonstrated applying the stimulus-organism-response framework.Social implicationsSociety would benefit from additional capital infusions to the shopping centre property class.Originality/valueThis paper calls attention to the importance of understanding shopping centre fundamentals and resilience in the face of continuous challenges.

Keywords: Shopping centre; Investment; Resilience; Fundamentals; Behaviour; Urban land economics (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpifpp:jpif-06-2026-0123

DOI: 10.1108/JPIF-06-2026-0123

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