For decades now developers have been buying commercial property and shutting down the business. This makes the area less desirable and lowers residential prices
When those are “low enough” developers buy them up
The next step is usually getting tax money to “redevelop” the area and then they’ll reopen businesses and sell the residential at a high markup as an “up and coming neighborhood”. It’s just a money shuffle that hurts the majority of Americans and funnels wealth to the wealthy.