Lee & Associates research.

Office’s Uneven Recovery: Where the Market Is Finding Its Footing

For the first time in years, the office market has headline numbers that genuinely look better. The U.S. posted a modest annual net absorption gain in 2025, the first since 2019. Leasing picked up. Activity in top-tier buildings improved in several major markets. But the rebound is narrower than it looks. The…

CREATING VALUE WHERE THERE WAS NONE

OVERVIEW 10-Year, 16,125 RSF Lease of Functionally Obsolete School Building Religious non-profit owner in the San Francisco Bay Area Lee & Associates represented the owner-landlord For more information regarding this case study, please contact: DAVID KLEIN Executive Vice President | Managing Principal (415)…

Bakersfield Industrial Market Report

Q1 2026 industrial market analysis for Bakersfield, California covering vacancy rates, lease rates, supply, and tenant activity in the region.

Boise Industrial Market Q1 2026

Quarterly industrial real estate market analysis for the Boise metropolitan area.

Bakersfield, CA - Multifamily Market Report

Quarterly multifamily market analysis for Bakersfield, California covering first-quarter 2026 conditions and trends.

Atlanta, GA Retail Market Report

Lee & Associates Q1 2026 retail market analysis for the Atlanta, Georgia metropolitan area.

Bakersfield, CA Retail Market Report

Quarterly market analysis of retail real estate conditions and trends in the Bakersfield, California region.

Bakersfield Office Market Report

Quarterly analysis of the Bakersfield office real estate market conditions and trends.

Boise Multifamily Market Analysis

A first-quarter 2026 multifamily market report for the Boise, Idaho region covering rental trends, occupancy, supply, and demand dynamics.

Charlotte, NC Industrial Market Q1 2026

Lee & Associates quarterly analysis of industrial real estate market conditions, inventory, and activity in the Charlotte, North Carolina region.

2025 Q4 North America Market Report

Annual net absorption fell from 20.5 million sq ft in 2024 to 852,722 sq ft in 2025 despite more than 12 million sq ft of tenant growth in the fourth quarter. Deliveries in 2025 totaled 253.6 million sq ft, down 52 percent from the 526 million sq ft record set in 2023.

South Florida Q4 2025 Market Report - Office

2025 Q3 North America Market Report

The report records 12 million sq ft of net absorption in the US and 5.4 million sq ft in Canada in the third quarter. It describes a landscape pausing as tariffs, legal uncertainty, high costs and AI considerations produced mixed results across property types.

South Florida Q3 2025 Market Report - Industrial

Catholic Charities Unlocks Property Equity to Fund Mission Work with Sale-Leaseback

OVERVIEW 45,035 SF Sale-Leaseback of Converted Warehouse to Social Service Center Catholic Charities of the East Bay ("CCEB") is the seller-tenant LEC Advisors is the buyer-landlord For more information regarding this case study, please contact: DAVID KLEIN Executive Vice President | Managing Principal O (415)…

2025 Q2 North America Market Report

Retail demand turned negative for the first time since the Covid lockdown, with net absorption of negative 8.9 million sq ft in the second quarter. Overall office vacancy fell 10 basis points to 8.1 percent as Class A demand exceeded supply.

Bringing Stability to Uncertain Market

OVERVIEW 24-Unit Apartment with Views of Lake Union Sale Price: $8M Current Cap Rate: 3.66% Represented Seller & Buyer “Candice, Dea and team Lee & Associates did an excellent job keeping the transaction on track. They were great at problem solving, tracking down information and ensuring effective communications…

Creative Solutions Resulted in Maximized Pricing in a Downturn Market

OVERVIEW 21-Unit Apartment in Lower Queen Anne Sale Price: $7.3M Current Cap Rate: 4.23% Represented Seller & Buyer Coordinated 1031 Exchanges for both parties For more information regarding this case study, please contact: CANDICE CHEVAILLER Principal O: (206) 773-2694 cchevaillier@lee-associates.com DANIEL LIM…

Fremont Court – Successful Closing Despite Pandemic Headwinds

OVERVIEW True Mixed-Use building with 17 apartments, office, retail and restaurant Quarter Block in Fremont Sale Price: $17,415,000 Loan Assumption For more information regarding this case study, please contact: CANDICE CHEVAILLIER, CCIM Principal O (206) 773-2694 cchevaillier@lee-associates.com DANIEL LIM Senior…

Immaculate 21-Unit in the Heart of Ballard

OVERVIEW 14 tours, 40 signed CA 21-Unit with views of Salmon Bay & Olympic Mountains Sale Price: $4.85M Current Cap Rate: 4.93% Represented Seller & Buyer For more information regarding this case study, please contact: CANDICE CHEVAILLIER, CCIM Principal O (206) 773-2694 cchevaillier@lee-associates.com DANIEL LIM…

2025 Q1 North America Market Report

US retailers shuttered roughly 7.1 million sq ft of space in the first quarter following one of the weakest annual absorption totals in a decade. Canada posted negative net absorption of 5.2 million sq ft in retail over the same period.

Austin Industrial Market Q1 2026

Quarterly industrial real estate market analysis for the Austin, Texas metropolitan area.

Charlotte, NC Office Market Report

Lee & Associates provides market analysis and data on office property conditions in Charlotte, North Carolina.

Baltimore Industrial Market Report

Quarterly market analysis of industrial real estate activity and conditions in the Baltimore, Maryland metropolitan area.

Boise Office Market Report

Commercial real estate analysis of the office market in Boise, Idaho for the first quarter of 2026.

Boston Office Market Q1 2026

Quarterly market analysis of office conditions in the Boston metropolitan area.

Atlanta Multifamily Market Report

Quarterly market analysis of the multifamily sector in the Atlanta metropolitan area.

Atlanta Industrial Market Report

Quarterly market analysis of industrial real estate conditions and dynamics in the Atlanta metropolitan area.

Boston Industrial Market Report

A first-quarter 2026 industrial market analysis covering conditions, trends, and metrics for the Boston, Massachusetts metropolitan area.

Atlanta Office Market Q1 2026

Lee & Associates quarterly market analysis of office real estate conditions and trends in the Atlanta, Georgia metropolitan area.

Calgary Industrial Market Q1 2026

Quarterly industrial real estate market analysis for Calgary, Alberta covering market conditions, vacancy, pricing, and transaction activity.