{"id":1732,"date":"2023-10-23T09:31:48","date_gmt":"2023-10-23T16:31:48","guid":{"rendered":"https:\/\/www.lee-associates.com\/centralcoast\/?p=1732"},"modified":"2024-11-01T12:21:06","modified_gmt":"2024-11-01T19:21:06","slug":"lee-associates-q3-2023-economic-report","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/centralca\/2023\/10\/23\/lee-associates-q3-2023-economic-report\/","title":{"rendered":"Lee &amp; Associates Q3 2023 Economic Report"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>U.S. net growth in the third quarter totaled 29.9 million SF compared to 94 million SF for the same period last year.\u00a0 Year-to-date net absorption is 110.2 million SF, down 62% from the same period last year. There was 411.7 million SF of growth in 2022. The 524.7 million SF of net absorption in 2021 stands as the record, but the current pace of tenant expansion is the slowest since 2012 and comes as a quarterly record of new inventory is set for delivery. <a href=\"https:\/\/www.lee-associates.com\/centralcoast\/wp-content\/uploads\/sites\/15\/2023\/10\/2023.Q3-North-America-Market-Report.pdf\">Read More&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; U.S. net growth in the third quarter totaled 29.9 million SF compared to 94 million SF for the same period last year.\u00a0 Year-to-date net absorption is 110.2 million SF, down 62% from the same period last year. There was 411.7 million SF of growth in 2022. The 524.7 million SF of net absorption in 2021 stands as the record, but the current pace of tenant expansion is the slowest since 2012 and comes as&#8230;<\/p>\n","protected":false},"author":217,"featured_media":1853,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,22],"tags":[],"class_list":["post-1732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-reports","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.4 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates Q3 2023 Economic Report - Lee &amp; Associates | Central California<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/centralca\/2023\/10\/23\/lee-associates-q3-2023-economic-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; Associates Q3 2023 Economic Report\" \/>\n<meta property=\"og:description\" content=\"&nbsp; U.S. net growth in the third quarter totaled 29.9 million SF compared to 94 million SF for the same period last year.\u00a0 Year-to-date net absorption is 110.2 million SF, down 62% from the same period last year. 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