Inland Empire’s Road to Recovery

Office leasing activity was solid in all submarkets, with nearly 1.5 million square feet leased across the metro. Roughly 200,000 square feet of space is scheduled to come online by year-end.

The Inland Empire’s economy is strong, fueled by port activity and a bustling housing market, but that doesn’t translate into significant growth for the office sector. Although office-using jobs have grown by about 17 percent during the last decade, they account for only a small share (14 percent) of total employment. As a result, lease rates and development are increasing at moderate levels.

Job growth is led by port-related activities. The construction-related and trade, transportation and utilities sectors have added 22,300 jobs year-to-date through June, representing 53 percent of total new employment. With foreign trade nearing an all-time high and very little vacancy in the metro’s industrial segment, the local economy should remain healthy…

Inland Empire’s Road to Recovery


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