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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

MEET THE NEW 179D AND 45Q, TWO US TAX BENEFITS AIMED AT HELPING PROPERTY OWNERS GO GREEN

Costar


While much of the Inflation Reduction Act of 2022 is geared toward consumers, changes to two pieces of the U.S. tax code tucked inside the new law promise to benefit commercial real estate

owners, making it more financially viable for them to meet environmentally sustainable building standards.

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COMMERCIAL PROPERTY PRICES EASE IN JULY

Costar



Commercial real estate property prices pulled back a fraction in July from the new heights reached a month earlier. But there were still signs of healthy demand.

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INFLATION TICKS DOWN, CONSUMER SPENDING BARELY BUDGES

Bisnow


The U.S. Bureau of Economic Analysis reported on Friday that the rate of increase for its personal consumption expenditures index for July was lower than June's, indicating a slowdown in the pace of inflation.

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MULTIFAMILY LIKELY TO LEVEL OFF IN H2 AS INFLATION HEATS UP

Globe St. 


TAs economic headwinds mount, the big question on many industry watchers’ lips is whether certain high-flying asset classes will return down to earth.

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APARTMENT CONSTRUCTION REACHES 50-YEAR HIGH

Connect CRE 


Despite ongoing economic headwinds and continuing supply chain disruptions, apartment construction is at a 50-year high, driving deliveries. A report by RentCafe noted that 420,000 new

rental units are on track for delivery by the end of 2022. The last time apartment completions soared above 400,000 units was in 1972.

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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

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www.lee-associates.com/sandiego