ONCE AGAIN SMALLER MAY BE DOING BETTER IN CRE SALES

Globe St.

A lot of attention in CRE focuses on large sales and projects, and anyone following the news has seen how transaction numbers have plummeted. That’s in year-over-year comparisons with 2022 being an unusually large baseline. But not all property transactions are hit at the same rate. Forget about subsectors by type for a moment and think size. There’s ongoing evidence that smaller CRE property sales have held up better than large ones for at least the last year.

ARE CALIFORNIA PAY RAISES KEEPING PACE WITH INFLATION?

San Diego Union Tribune

We all complain about California’s surging cost of living, and it’s a legitimate beef. The state is no stranger to the nation’s worst bout of inflation in four decades. Yet far less time is spent discussing the relatively generous raises handed out by many bosses — with some of that income boost coming to workers who switch employers.

SOUTH SAN DIEGO COUNTY FACES ADDITIONAL SUPPLY PRESSURE IN 2024

Costar

At the start of the year, there was roughly 2.3 million square feet of industrial space under construction across San Diego, with 2 million square feet scheduled for completion in 2024. A full 80% of the under-construction pipeline is available for lease, increasing supply-side pressure to rent growth and vacancy.

RETAIL SALES FALTER, BUT DEMAND FOR SPACE PERSISTS

Costar

The retail real estate market has shown remarkable resilience and growth in recovering from the pandemic, mirroring the robust environment of retail sales. This symbiotic relationship underscores the connection between physical retail spaces and consumer spending habits. As such, market pundits were unnerved by the U.S. Census Bureau’s reporting that spending at retail and food service businesses fell by 0.8% in January. In addition, December’s sales growth was revised downward from 0.6% to 0.4%.

A DECADE IN THE MAKING, 30-YEAR PLAN FOR SAN DIEGO'S BAYFRONT NEARS FINISH LINE

San Diego Union Tribune

More than a decade in the making and long past due, the Port of San Diego’s future-looking blueprint — a roadmap that spells out what can and cannot be built on some of the region’s most prized real estate — is on the cusp of completion.

FEATURED PROPERTIES

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

www.lee-associates.com/sandiego