SHARE:  
WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

SOMETHING HAS SHIFTED IN HOW PEOPLE ARE TALKING ABOUT THE ECONOMY

Bloomberg


For some reason, over the last several days an increasing number of prominent voices have expressed optimism that the US can avoid a recession and pull off the proverbial “soft landing.” Maybe inflation can actually come down without a substantial increase in the unemployment rate.

Read Full Article

CALIFORNIA HAS NATION'S 12TH FASTEST GROWING ECONOMY

OC Register


California, as always, has the nation’s No. 1 GDP at $3.6 trillion, 14% of the U.S. total. Business output

statewide grew at a 3.8% annual pace in the third quarter. California’s surge also topped the nation’s 3.2% growth pace.

Read Full Article

SAN DIEGO'S JOB MARKET ENTERS 2023 BELOW 3% UNEMPLOYMENT

Costar


San Diego’s unemployment rate ended 2022 at 2.9%, upending a trend that had shown jobless claims rising modestly in the prior months, according to the latest report released by California’s Employment Development Department. That was the second-lowest unemployment rate recorded in 2022 after it briefly fell to 2.7% in May, and was also the second-lowest recording locally in the past 20 years.

Read Full Article 

RISING DEBT LEVELS AND RATES WEIGH ON CONSUMER SPENDING

Costar


Total outstanding debt held by commercial banks rose by 13.5% from the end of 2019 to November 2022, about 1 percentage point less than during a similar period prior to the pandemic, or from the end of 2016 to November 2019.

Read Full Article

CHULA VISTA DOESN'T HAVE A SKYLINE. THIS DEVELOPER HOPES TO CHANGE THAT

San Diego Union Tribune


San Diego County’s second-largest city does not have a skyline. That could change with a proposed, mixed-use development that would complement the forthcoming billion-dollar bayfront project, developers say. The $900 million development proposes to transform a 10-acre site between 707 F Street and 750 E

Street into a “mixed-use mobility hub” where people can live, work and play within walking or

bus-riding distance.

Read Full Article 

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