HOW RETAIL OWNERS ARE STAYING PROFITABLE IN TODAY'S MARKET

Globe St.

Across US markets, the viability and value of retail properties largely depends on their tenant mix.

Properties with “internet-proof” retailers such as grocery stores, services, and experiential tenants

have the edge. We are still seeing decent trade volume for smaller centers, grocery-anchored centers, and some lifestyle centers with a desirable tenant mix.

MEGA LIFE SCIENCE DEVELOPMENT ON UNIVERSITY CITY HILLTOP NEARS APPROVAL

San Diego Union Tribune

Life science real estate developer BioMed Realty is close to securing the permits necessary to build a 1-million-square-foot research campus called Towne Center View on 33.5 acres of partially developed land in University City.

INTEREST RATES AND COMMERCIAL REAL ESTATE RETURNS HAVE COMPLEX RELATIONSHIP

Costar

During periods of rising interest rates, the strong economic drivers that support real estate values

tend to be on full display, which is why the Fed typically hikes rates during these times. As the economy heats up and businesses grow, they consume more commercial real estate, leading to higher rents and lower vacancy rates.

HIGHER DENSITY, MORE SROS AND A CONTROVERSIAL NEW STATE LAW: WHAT'S IN SAN DIEGO'S SWEEPING NEW HOUSING PROPOSAL

San Diego Union Tribune

San Diego Mayor Todd Gloria is proposing a sweeping package of incentives and regulatory changes that aim to boost construction of housing for middle-income residents, college students and people facing homelessness. One proposal would make San Diego one of the few cities in California to embrace controversial Senate Bill 10, new legislation that allows as many as 10 housing units on a single property if it’s located near transit.

CONSUMERS TAKE ON DEBT AS WAGES FAIL TO KEEP PACE WITH INFLATION

Costar

Inflation by most measures has been moderating in recent months. Last week, the Bureau of Labor Statistics reported that the consumer price index rose by 0.4% in April and was 4.9% higher than the previous year, the first time the year-over-year pace fell below 5% since mid-2021. The cumulative gains during the past two years, however, are of concern to households that live paycheck-to-paycheck. Inflation has outpaced wages on a year-over-year basis for 24 consecutive months.

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