GLOBEST Strong occupancy, falling availability keep momentum going. By Jack Rogers | May 18, 2023 at 03:45 AM Strong occupancy rates, minimal new supply and falling availability rates will keep average net asking retail rents at record levels in the US despite growing signs of a national economic slowdown. That’s the projection of the latest North American retail overview from Lee & Associates, a comprehensive report tracking CRE markets in regions and metros across…
The Evolution of the Brewery
Food & Beverage Magazine Breweries have had an interesting evolution. As a result of the pandemic, more brewery owners and operators have shifted their operations to create spaces – beyond a simple tap room – that create a sense of space and place. Even if their customers were happy with approaching the counter before just to get a taste of the newly released draft, they know that to stay successful, like any business, they…
The Future of Downtown LA’s Food & Beverage Industry
Western Real Estate Business As the pandemic recedes, the hospitality and food and beverage industries in Downtown LA are rebounding, driven in part by the re-turn of venue entertainment and conferences. The number of visitors to the area has climbed back to within 10 percent of pre-pandemic levels and now sits at 10 million people per month. Consequently, there has been an influx of new restaurants, venues and breweries in the region. However, as…
There Is No ‘I’ In ‘Team’ When It Comes To Finding CRE Growth Opportunities Amid Inflation
BISNOW March 13, 2023 Lee & Associates Elizabeth Reyn, Studio B Writer Many commercial real estate and CRE-adjacent companies that have borne the brunt of rising interest rates have come to a reckoning: They need to cut down on costs or risk the bottom line. Making these reductions can involve more than just selling an office space or limiting energy usage. It can also mean having to hand out pink slips, leaving employees scrambling…
Something’s Brewing Downtown: Realtor helps turn little-known neighborhood into fermentation hub
DT News Downtown Los Angeles No one knows exactly what to call the small strip of land between Chinatown and Lincoln Heights, running along the LA River. Some call it Mission Junction — others, more aptly, the Fermentation District. In the last half-decade, a smattering of breweries and wineries have popped up in the area, ushered in by the recent renovation of the Los Angeles State Historic Park, favorable zoning laws for breweries, affordable…
Meet Evan Jurgensen | Senior Vice President
SHOUTOUT LA We had the good fortune of connecting with Evan Jurgensen and we’ve shared our conversation below. Hi Evan, where are your from? We’d love to hear about how your background has played a role in who you are today? I was born and raised in the San Gabriel Valley in Monrovia. I went to high school in Camarillo and college in Santa Barbara and came back to LA – LA will always…
Industrial and Multifamily Sectors Stay Resilient Amid Economic Headwinds
GLOBEST Rent growth in both the industrial and apartment sectors continue to turn heads, according to Lee & Associates report. By Brian A. Lee | November 14, 2022 at 03:45 AM The current economic headwinds have been a cause for alarm in certain sectors. Not so for industrial and multifamily, however. With US industrial vacancy at 4% and multifamily’s pipeline tightening, the data from Lee & Associates’ Q3 2022 Market Report shows both sectors…
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