Q1 2023 North America Market Reports Released
INDUSTRIAL OVERVIEW: SHARP DECLINE HITS FIRST-QUARTER U.S. DEMAND 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....
Lee & Associates Announces Closed Transactions for March 2023
FORT MYERS, Fla. (March 2023) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales CHS 14500 Fort Myers, LLC purchased a 13,128sf multi-tenant office on 12.67 acres in Southwest International Commerce Park at 14500 Global Pkwy., Ft. Myers from Prospect Enterprises,...
Lee & Associates Announces Closed Transactions For February 2023
FORT MYERS, Fla. (February 2023) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales 6460 Topaz, LLC purchased 7,334sf industrial condominium in the Pyramid Commercial Park at 6460 Topaz Ct., Ft. Myers from OAR Equities, LLC for $1,400,000. Derek Bornhorst, SIOR,...
Naples Ranked #1 Best City to Live in the US
We are proud to announce that our Naples market in sunny Southwest Florida ranked #1 in The Best Places to Live report for 2023! Based on 47 metrics in nine categories, the city of Naples, Florida ranked number one. The categories reviewed compared 150 other cities in: Crime & Safety, Affordability, Economy, Quality of life,...
Lee & Associates Announces Closed Transactions for January 2023
FT. MYERS, Fla. (January 2023) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales Blu Investments of Naples, LLC purchased a 6,500sf building on 0.56 acre in Collier County Production Park at 271 Commercial Blvd., Naples from The Closet Company, Inc....
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. Fourth-quarter growth was more than expected and capped a year of economic slowing that reflects a return to a more normal...
Q4 2022 North America Market Reports Released
INDUSTRIAL OVERVIEW RECORD RENT GROWTH, LOW SUPPLY Relentless demand continued for warehouse and distribution space across North America in 2022. The year ended with a surge in fourth quarter absorption along with more double-digit annual rent growth. While growth has slowed from the fever pitch of 2021, there have been no signs of significant deterioration...
Lee & Associates Announces Closed Transactions for December 2022
FT. MYERS, Fla. (December 2022) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales WestSide 2, LLC purchased a 35,387sf freestanding building on 4.39 acres in the Alico Trade Center at 8951 Alico Trace Center Rd., Lot 3, Ft. Myers...
Lee & Associates Announces Closed Transactions for November 2022
FT. MYERS, Fla. (November 2022) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales P&B, LLC purchased 8.03 acres in the Alico Trade Center at 8950 Alico Trace Center Rd., Lots 1 & 2, Ft. Myers from Seagate Alico North, LLC...
The Naples – Ft Myers office was established in 2011 in response to the explosive growth in Southwest Florida and is now recognized as one of the most successful commercial brokerage firms in Southwest Florida. We are backed by the resources of the largest broker-owned firm in the nation. Each of our nationwide Lee & Associates offices has a strong local ownership combined with a powerful platform from the national network which includes 59 offices and nearly 1,000 brokerage professionals. These resources, combined with the office’s in-depth research capabilities and cutting-edge technology, enables our professionals to offer their clients the highest level of service in the industry.
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