News

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...

Lee & Associates|Naples-Ft. Myers Announces Closed Transactions for October 2022

FOR IMMEDIATE RELEASE Lee & Associates Announces Southwest Florida Transactions:   FT. MYERS, Fla. (Oct. 2022) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales Casa Napoli, LLC purchased 3.61 acres at the northwest corner of Alico Rd. and Domestic Ave., Ft....

Q3 2022 Economic Reports Released

GDP GROWTH The nation’s gross domestic product (GDP) grew at an annual rate of 2.6% in the third quarter, a reversal from six previous months of decline.  Although the Commerce Department data was better than forecast, there are expectations the economy will weaken under the strain of high inflation and rising interest rates. There were...

Lee & Associates|Naples-Ft. Myers Announces Closed Transactions for Sept. 2022

FT. MYERS, Fla. (Sept. 2022) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sales 4227 Progress, LLC purchased a 44,500sf single-tenant building on 2.27 acres at 4227 Progress Ave., Naples from WC Huff Ventures, LC for $9,750,000. Brock Rasmussen represented the...

Lee & Associates|Naples-Ft. Myers Announces Closed Transactions for August 2022

FT. MYERS, Fla. (August, 2022)  – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sale HCC Fort Myers, LLC purchased 33.21 acres in Highland Commerce Center of Fort Myers at 16500 Oriole Rd., Ft. Myers from Alico 73, LLP for $11,573,020. A...

Amazon and The State of Industrial Real Estate

Since 2013, the rise of e-commerce has caused such an enormous boom in industrial real estate that it has become the preferred asset class of many commercial real estate investors. At the heart of the e-commerce revolution has been Amazon. Even before the pandemic, the firm had around 192 million square feet of warehouse, data...

Inflation, the Economy, and Commercial Real Estate

In June and July of this year, the Fed raised the interest rate at the fastest pace in forty years: it raised the federal funds rate 75 basis points (bps) at each open market committee meeting. Why did it do so, and what do its actions and current economic data say about the economy? This...

Lee & Associates|Naples-Ft. Myers Announces Closed Transactions for July 2022

FT. MYERS, Fla. (July, 2022) – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today it recently completed the following transactions: Sale Aquabella Development Group, LLC purchased 176.73 acres known as Copperhead Golf Community at 20910 Copperhead Dr., Lehigh Acres from RR Copperhead LLC for $16,500,000. Bill Young and...