REJournals.com Features Lee & Associates Research The lowest vacancy rate in 15 years. That’s the milestone the U.S. retail sector hit in the fourth quarter of 2022, according to the latest research from Lee & Associates. And that’s just the start of the good news from the company’s fourth quarter 2022 retail report. According to Lee & Associates, the retail sector saw 20.7 million square feet of net absorption in the fourth quarter of…
The shoppers have come back with a vengeance: Retail sector enjoys boom year in 2022. And this year looks good, too
The first NY cannabis licenses have been approved — but these are the 3 obstacles dispensaries still face
Business Insider Features Lee & Associates New York City’s Greg Tannor The first legal dispensary in New York state opened its doors in December, but a commercial-real-estate expert said cannabis-business owners have some hefty obstacles to overcome before they can follow suit. In March 2021, the state of New York legalized recreational marijuana for adults, but it took nearly two years for the Office of Cannabis Management to approve the first 36 business licenses for dispensaries. The…
Lee & Associates Grows Presence in the South with Latest Expansion: Baton Rouge, LA
January 4, 2023 (BATON ROUGE, LA) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a new office in Baton Rouge, LA. The office will specialize in industrial, office, land, and retail brokerage, with plans to strategically build a team that will grow their capabilities throughout the southern Louisiana market. The Lee & Associates Baton Rouge team will be led by Evan Scroggs. During the initial start-up period, the…
Lee & Associates Grows Canadian Presence with Latest Expansion: Calgary, Alberta
Calgary Expansion Marks the Third Lee & Associates Office in Canada November 16, 2022 (CALGARY, AB) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of an office in Calgary, Alberta. The office will specialize in industrial, with plans to strategically recruit teams that will grow their capabilities in retail and office. The Lee & Associates Calgary team will be led by Jon C. Mook, SIOR, and…
Industrial and Multifamily Sectors Stay Resilient Amid Economic Headwinds
GlobeSt.com Features Lee & Associates Industrial & Multifamily Research 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 have room for rent growth. It’s a story about fundamentals that point to continued strength, according to Jeff Rinkov, CEO of the broker-owned real estate services firm….
Lee & Associates Nashville, TN Transitions from a Satellite Office to a Freestanding Office
November 9, 2022 (NASHVILLE, TN) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today that their Nashville, TN office has transitioned from a satellite office to a freestanding office, granting them access to Lee & Associates unique capital structure benefits. Lee & Associates Nashville is led by Jim Rodrigues, SIOR, who serves as president. Since the satellite office opening in March of last year, the office has executed an aggressive growth strategy. As…
Industrial Developer Acquires Shovel-Ready Land in Ontario, Canada
OVERVIEW Buyer Representation Approximately 35.15 Acres Zoning: General Employment, Industrial Direct Exposure to QEW Highway Sale Price: $56,350,000 For more information regarding this case study, please contact: Chris Wigle, MBA D (416) 628-4648 Email // Resume Mark Cascagnette, SIOR D (416) 619-4400 Email // Resume Luis Almeida, SIOR D (416) 628-8151 Email // Resume The Client Anatolia Capital Corp (ACC) is the real estate division of Anatolia Group Inc. Its business activities include…
With Vendor Applicants Raring To Go, NYC’s Cannabis Leasing Market Hits Breakneck Pace
Bisnow.com Features Lee & Associates New York City’s Greg Tannor and Jessica Gerstein After more than a year of build-up, vendor license applications awarded by New York State’s Office of Cannabis Management are slated to open at some point in the next 30 to 90 days. As the dawn of NYC’s formal cannabis retail market edges closer, aspiring vendors have accelerated their searches for available retail space and are signing lease agreements with a range of different conditions, experts in…
Rising Interest Rates, Inflation Lead Investors to Reassess Which CRE Assets to Pursue
WealthManagement.com Features Lee & Associates New York City’s Ben Tapper Rising interest rates, inflation and fears of a recession are starting to change the calculations of how to get the best returns for commercial real estate investors. Should they continue to favor multifamily and industrial assets, which have served them well through the pandemic disruption? Or switch to higher risk, but higher yield investments? It looks like the best approach might be combining the…