The lowly neighborhood strip mall might be the hottest new thing in commercial real estate

Allen J. Schaben/Los Angeles Times via Getty Images

• Investors are seeing new value in the strip mall.
• A lack of supply and an uptick in in-person neighborhood shopping has increased their value.
• One commercial real estate investor called the opportunity a "retail renaissance."

Strip malls, of all things, appear to be trending up.

After decades of decline brought on by the rise of large box stores, e-commerce...