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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

BIG CITY JOB GROWTH EXPECTED TO SLOW, CONSTRUCTION WORKERS REMAIN IN HIGH DEMAND, MORTGAGE RATES RISE

Costar


Most of the nation’s largest metropolitan regions are expected to see positive though muted employment growth over the next four years, with a number of them struggling for the rest of 2023 when it comes to office-based jobs, according to analysts at Oxford Economics.

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MULTIFAMILY COMPLETIONS ON TRACK FOR STRONGEST YEAR SINCE THE 1980S

Bisnow


Multifamily completions are on track to top 520,000 units this year, which would be the most since the late 1980s, according to a projection by CoStar Analytics. Most of the increase will be in the southern U.S., the company predicts.

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RESTAURANT PROPERTIES SELL ACROSS U.S. AS INVESTORS BET ON MORE DEMAND FOR DINING OUT

Costar


A pair of restaurant portfolio deals in the past week, following Darden Restaurants' purchase last

month of Ruth's Chris Steak House, marks a return of investor interest as demand improves for sit-down dining across the country.

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REPORT: DATA SUGGESTS THAT CRE CONTINUES HOLDING ON

Connect CRE


Just-released Q2 2023 preliminary multifamily, office and retail data from Moody’s Analytics CRE

supports the commentary that “the worst of fears have yet to ring true.” By the same token, “the

industry is still on a knife’s edge,” according to a press release discussing the data.

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AS CHALLENGES MOUNT FOR CITIES, LOCALITIES STEP UP REZONING EFFORTS

Bisnow


Zoning reform is gaining popularity among cities large and small, even being floated and incentivized on state and federal levels. And although these efforts progress slowly and can be difficult to pass through legislative channels, they’re increasingly viewed as a way to address the

growing list of ingrained problems faced by American cities.

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FEATURED PROPERTIES

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

LinkedIn

www.lee-associates.com/sandiego