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OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

SMALL-BAY PROPERTIES SHOWING RESILIENCY IN SAN DIEGO

Costar


Tenants looking for larger spaces have become more cautious amid economic concerns, which could spell further moderation in overall new leasing activity throughout 2023. However, demand among

small-bay users in San Diego remains firmly in place. The vacancy rate for buildings under 50,000 SF

is 100 basis points below the 2019 year-end rate and roughly 150 basis points below the 2020 peak.

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U.S. SALE-LEASBACK VOLUME SETS NEW RECORDS

Connect CRE


Sale-leaseback transaction count for 2022 was 11% greater than prior highs reached in 2019 and 2021. Total dollar volume of $31.4 billion also set a record, exceeding the 2019 volume of $27.6 billion by 14%.

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INDUSTRIAL REAL ESTATE MARKET'S NEW DEMAND DRIVER CHANGING SPACE REQUIREMENTS

Bisnow


Industrial became the belle of the commercial real estate ball after the pandemic supercharged e-commerce demand and led Amazon to accelerate its already-voracious warehouse expansion. But that party couldn't last forever.

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AMID A WEEK OF TURMOIL, SAN DIEGO BANKS TRY TO REASSURE CUSTOMERS

San Diego Union Tribune


With this latest crisis still playing out, bankers expressed concern that it will lead to more regulation. Some in Congress blame the bank failures on lax oversight, as well as a move in 2018 to roll back measures put in place after the 2008 financial crisis, including raising the threshold for strict risk tests

to banks with at least $250 billion of assets.

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REAL ESTATE ROUNDTABLE CALLS FOR A CRE TROUBLED DEBT RESTRUCTURING PROGRAM

Globe St.


The Real Estate Roundtable called on regulators to reinstitute a “troubled debt restructuring (TDR) program for commercial real estate that would give financial institutions increased flexibility to refinance loans with borrowers and lenders.”

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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