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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

RENT GROWTH DIVERGING ACROSS OFFICE AND MULTIFAMILY

Globe St.


Rent growth across the office and multifamily sectors is no longer in lockstep, disrupting a lengthy period in which the sectors typically followed the same trend, according to a new analysis from Moody’s Analytics.

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CAP RATES EQUALIZING ACROSS METROS

Globe St.



The analysis reviewed CMBS data from Moody’s Analytics Structured Finance group tracking cap rates by property type over time to better gauge how investors have viewed cities across the South and West, which have benefited from strong in-migration, relative to markets like New York, San Francisco, and Boston.

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SAN DIEGO APARTMENT DEMAND ACCELERATES, BUCKING NATIONAL TREND

Costar


Net absorption, or the change in leased and vacated apartment units, plunged during the second quarter across the United States. While still positive, nationwide absorption fell below the pre-pandemic average for the third-consecutive quarter.

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HOW CAN SAN DIEGO REACH ITS CLIMATE GOALS? NEW PLAN LAYS OUT THE OPTIONS - AND TRADE-OFFS

San Diego Union Tribune 


An updated plan for slashing carbon emissions in San Diego County adds new options that could include installing much more rooftop and urban solar, buying power from the Imperial Valley and building new energy facilities on toxic “brownfields.”

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INFLATION REDUCTION ACT MULTIPLIES TAX BENEFITS FOR BUILDING GREEN

Bisnow


Two pieces of the U.S. tax code that incentivize decarbonization were dramatically expanded with Tuesday's passage of the Inflation Reduction Act of 2022, making green building elements more financially attractive to developers and property owners.

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ABOUT LEE & ASSOCIATES

At Lee & Associates, our reach is international but our expertise is local market implementation. With offices across the nation and Vancouver, Canada, Lee & Associates is one of the largest and fastest growing commercial real estate organizations in North America. 


Founded in 1979, our experience and expertise offers extensive local market knowledge, seasoned agents, industry leading technology, and a commitment to achieving our clients long-term real estate goals and successes. Lee & Associates understands real estate and accountability, and provides an integrated approach to leasing, operational efficiencies, capital markets, property management, valuation, disposition, development, research, and consulting.


Commercial Real Estate Questions? 

Please Contact:


Steve Malley

smalley@lee-associates.com

858.453.9990

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