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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

MULTIFAMILY RENT GROWTH RATES STAY PUT IN SEPTEMBER; FUNDAMENTALS REMAIN STRONG

Connect CRE


The Yardi Matrix report indicated that, while national asking rents for SFRs increased by 7.8% year

over year, they decreased by 170 basis points month over month.

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SAN DIEGO PLANNERS PITCH A NEW DEFINITION FOR 'SUSTAINABLE DEVELOPMENT'

KPBS



Properties in “transit priority areas” are eligible for incentive programs that allow for much more housing density than regulations would otherwise permit. The goal is to concentrate new homes and jobs in areas close to public transit so fewer people will depend on cars.

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INSURANCE INDUSTRY APPLYING MOST PRESSURE FOR CRE TO REDUCE EMISSIONS

Globe St.


According to a GlobeSt.com report, “They are committed to investing in transformational opportunities that will position their organizations for future growth. But in the case of ESG goals, while they said they are ‘important,’ 59% said they plan to pause or reconsider their organization’s ESG efforts in the next six months as they adjust their strategy to prepare for a recession.”

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US SMALL-BUSINESS OPTIMISM IMPROVES FOR A THIRD STRAIGHT MONTH

Bloomberg


Optimism among US small businesses edged up in September as firms grew less downbeat about the outlook for sales, while a smaller share said they raised prices.

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'INFRASTRUCTURE DOESN'T GROW ON TREES.' PORT OK WITH USING PUBLIC MONEY TO FUND SEAPORT SAN DIEGO

San Diego Union Tribune


The developer proposing to remake the Central Embarcadero region that includes San Diego’s Seaport Village received no pushback on potential public financing strategies from the government agency set to consider preliminary project approval next month.

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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

LinkedIn

www.lee-associates.com/sandiego