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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

RETAIL DEMAND KEEPS RISING, BUT AT A MUCH SLOWER PACE

Costar


Despite concerns over higher costs hitting consumers and retailers in the second quarter, more retail space was occupied than was vacated for a 10th consecutive three-month period. Overall, demand for this property rose more than 10.5 million square feet in that quarter and has climbed 20.8 million square feet since Jan. 1.

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CAMPUS AT HORTON LANDS SPROUTS, SHAKE SHACK AND SWEETGREEN AS FIRST RETAIL TENANTS

San Diego Union Tribune


Four years into a major remodel, the Campus at Horton is nearing a turning point in its conversion from a historic downtown mall into a mixed-use office campus with initial retail tenants, including grocer Sprouts Farmers Market, set to move in and start building out their individual storefronts later this year.

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INTEREST RATE HIKES HAVEN'T MADE A DENT IN INDUSTRIAL PRICES

Globe St.


Interest rates may have slowed sales volume for industrial properties but they have not yet impacted the average price of the properties that do sell, according to a new national industrial report from Yardi’s Commercial Edge. The national average sale price has increased slightly from $124 per square foot in 2022 to $131 per square foot in 2023.

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EY: FIVE TAKEAWAYS FROM A RECENT LOOK AT OFFICE TRADES

Connect CRE


The office sector can look bleak from afar, but when you zoom in, there are multiple narratives unfolding simultaneously; some revealing cautionary tales, and others of great opportunity.

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US INDUSTRIAL PRODUCTION REBOUNDS

Costar


U.S. industrial production increased by 1% in July from a month earlier after two consecutive quarters of decline as more manufacturing categories rebound from pandemic-sparked supply chain disruptions.

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FEATURED PROPERTIES

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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