SHARE:  
WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

SURGING INDUSTRIAL DEMAND FUELS BIG DEALS ON MEXICO BORDER NEAR SAN DIEGO

Costar


A series of major deals and projects announced this month in San Diego’s Otay Mesa neighborhood, including two of the biggest sales of the past decade, underscore rising industrial

demand in parts of the U.S.-Mexico border region.

Read Full Article

RETAIL SALES GROW AGAIN, BUT SO DID INFLATION AND HOUSEHOLD DEBT

Costar


About three months ago, we “thanked shoppers for shouldering the economy.” That trend has continued so far into 2023, as witnessed in various economic indicators released last week. Among the most notable, retail and food services sales posted a gain of 3% in January, crushing

expectations and reversing the declines seen in November and December.

Read Full Article

COLUMN: ABOUT THAT MILE WALK TO BUSES AND TROLLEYS...

San Diego Union Tribune


Like much of urban California, San Diego’s transportation system for decades has been stressed

not just by the limited capacity of freeways, but the difficulty in even getting on them. Residents who commute by car are familiar with the backups and waits at on-ramps during the ever-expanding rush “hour.” The situation has improved over the years with metering and other advances in traffic management, but it hasn’t gone away.

Read Full Article 

IS RENT GROWTH AS PART OF INFLATION HITTING THE BRAKES OR SPEEDING IT UP?

Globe St.


Apartment rent and the homeowner’s rent equivalent are always a major source of influence on inflation. Such shelter costs make up about a third of the Consumer Price Index — the price changes in the basket of goods that the Bureau of Labor Statistics (BLS) measures in many places across the country. In January, shelter was nationally up 8.6%.

Read Full Article

THE RISING TIDE THAT FLOODS ALL OFFICE

Costar


The onset of the COVID-19 pandemic in early 2020 plunged the U.S. office market into an extended period of stagnant demand. Since the beginning of 2020, office tenants have given back a cumulative 115 million square, and true recovery has yet to begin, with net absorption, the difference between move-ins versus move-outs, remaining negative for an unprecedented third consecutive year in 2022, albeit only marginally so.

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