Pasadena’s Real Estate Market Stays Hot. For Now.
Pasadena, CA | November 11, 2019
Commercial Broker and Founding Principal at Lee & Associates-Pasadena, Colleen Carey was recently asked by Pasadena Chamber of Commerce to present an update on the commercial real estate market in Pasadena at the Business and Economic Summit. Pasadena Now published her presentation which walks us through a number of projects planned and in the works throughout the City.
With over 20 years of real estate experience, Ms. Carey is an embedded member in the Pasadena community and has her thumb on the trends. Lee & Associates-Pasadena’s office is headquartered in the Playhouse District on Lake Avenue in Pasadena, which affords direct access into this City.
According to Ms. Carey’s analysis, the commercial real estate market is buzzing due to a robust economy coupled with low interest rates and abundant capital.“But it’s cyclical,” she pointed out. “We will go into a cycle in the future where it isn’t so rampant, because there’s no capital available for developers to be able to build. If you look at what’s happening right now, this has not happened in 40 years.”
Ms. Carey breakdowns all the latest developments and changes happening in Pasadena and addresses the concerns of both the residential community and developers. To read the article in full, please click here.
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About Lee & Associates – Pasadena
Lee & Associates – Pasadena is a full service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, visit lee-pasadena.com.
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