{"id":13670,"date":"2017-05-09T15:24:08","date_gmt":"2017-05-09T19:24:08","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=13670"},"modified":"2017-05-09T15:31:32","modified_gmt":"2017-05-09T19:31:32","slug":"the-inland-empire-expands","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/the-inland-empire-expands\/","title":{"rendered":"The Inland Empire Expands"},"content":{"rendered":"
May 9, 2017 | by\u00a0Alex Girda | Commercial Property Executive\u00a0<\/p>\n
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Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion. The metro boasts high occupancy rates\u201496.1 percent for stabilized properties as of the first quarter\u2014and a pipeline brimming with new supply, though most deliveries are still a year or two away.<\/p>\n
Although employment growth has tempered, the Inland Empire managed to outperform the national average, due to solid gains in trade, transportation and utilities; education; and health care. Rising global trade and the growth of e-commerce have increased demand for industrial and warehouse properties. California\u2019s Road Repair and Accountability Act will bring projects worth an estimated $427 million to Riverside alone, further stimulating transportation and construction.<\/p>\n