There was a sharp first-quarter decline in U.S. tenant demand for industrial space as wholesalers and retailers reconsider their inventory levels out of caution over the economic outlook. Net absorption in the first quarter totaled 39.4 million SF, a 57% drop from the record set a year ago. Demand for Canadian industrial space in Q1, however, gained nearly 21% year over year. The overall U.S. vacancy rate settled at 4.4%, an increase of 40 basis…
LEE & ASSOCIATES GROWS CENTRAL CALIFORNIA PRESENCE WITH NEW SATELLITE OFFICE IN BAKERSFIELD, CA
February 23, 2023 (BAKERSFIELD, CA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new satellite office in Central California. The office will specialize in industrial, agricultural land, office, and investment brokerage from Bakersfield to Fresno, with plans to strategically recruit teams that will grow its capabilities throughout the region. The Lee & Associates Central California team will be led by Chad Brock and Michael…
Lee & Associates Q4 2022 Economic Report
The U.S. economy expanded at a solid annual rate of 2.9% in the fourth quarter of 2022, down from 3.2% at the end of Q3, according to the Commerce Department’s Bureau of Economic Analysis…Read Full Report
Lee & Associates Q4 2022 Industrial, Office, Retail and Multifamily Market Reports
Get insight from market experts from across North America. Lee & Associates Q4 2022 industrial, office, retail and multifamily market… Read More
Lee & Associates Q3 2022 Industrial, Office, Retail and Multifamily Market Reports
Get insight from market experts from across North America. Lee & Associates Q3 2022 industrial, office, retail and multifamily market… Read More
Lee & Associates Q2 2022 Industrial, Office, Retail and Multifamily Market Reports
Get insight from market experts from across North America. Lee & Associates Q2 2022 industrial, office, retail and multifamily market… Read More
How Property Owners Can Minimize Their Taxes Trough Cost Segregation
In the words of Ben Franklin, “In this world nothing can be said to be certain, except death and taxes.” 2022.07 How Property Owners Can Minimize Their Taxes Through Cost Segregation
Lee & Associates Q1 2022 Industrial, Office, Retail and Multifamily Market Reports
Get insight from market experts from across North America. Lee & Associates Q4 2021 industrial, office, retail and multifamily market…Read More
No, Retail is Not Dead
There is a widespread myth that needs to be questioned and confronted, and it goes something like this: First came Amazon and then came COVID-19, and both killed retail. However widespread, this view of the retail market is inaccurate and incomplete. To be sure, parts of the retail sector are experiencing challenging disruptions, but other aspects of the industry are expanding and thriving. The state of the retail market is a mixed picture of disruption,…