INDUSTRIAL SALE PRICES UP 9.6% OVER PREVIOUS QUARTER

Globe St.

Average sale prices for industrial assets saw a considerable increase — up by 9.6% from the previous quarter and by 2% year-over-year, which is notable, considering the challenges posed by rising interest rates, tighter capital markets, and normalizing demand.

SAN DIEGO JOINS OTHER SOUTHERN CALIFORNIA REGIONS WITH SHRINKING POPULATION

Costar

New population estimates released by the U.S. Census Bureau between July 2022 and July 2023 show what many San Diegans had suspected: people are leaving the region. The latest report details that natural growth, or the change in the number of births versus deaths, and international migration were not enough to overcome the number of domestic migrants to move out of San Diego.

USING AI PRODUCTS TO SIMPLIFY YOUR BUSINESS

SIOR

It’s been a little over a year since OpenAI introduced ChatGPT to the world. While the question of whether generative AI will transform the world for the better or destroy humanity is debated in media outlets daily, the technology is helping businesses increase efficiencies, boost productivity, and lower costs.

BENEFACTOR STEPS IN TO HELP SAN DIEGO ENTICE DEVELOPERS TO REMAKE DOWNTOWN'S CIVIC CENTER

San Diego Union Tribune

A prominent philanthropic organization has cut a $303,000 check to hire an outside consultant to help San Diego sidestep repeat failure as it seeks to secure developer interest in remaking the city’s Civic Center real estate.

BANK ECONOMISTS SEE SOFT LANDING, THREE RATE CUTS BY FED

Connect CRE

Add the American Bankers Association’s Economic Advisory Committee to the economists anticipating a soft landing for the economy of the 2024. Comprised of 16 chief economists from some of North America’s largest banks, the committee cited diminishing recession risks, moderating inflation and continuing robust gains in employment. A “gentle” easing cycle by the Federal Reserve will start around mid-year, facilitating trend-like GDP growth, according to the group.

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