Economy

An estimated 157 million people are expected to shop on Dec. 21, the last Saturday before Christmas, according to the National Retail Federation. That estimate is up from 141.9 million “Super Saturday” shoppers in 2023 and it’s the second-highest number after 2022’s 158.5 million shoppers on that day, the Washington, …

Based on its performance this year, there’s reason to be optimistic about the Inland Empire office market in 2025. Two of its most critical categories, vacancy and absorption, both moved in the right direction during the third quarter, according to CBRE. The two-county region recorded an eight percent office vacancy …

Inland Empire manufacturing appears to be closing out 2024 on a positive note. The region’s purchasing managers index was 55.5 in November, a slight month-over-month increase and the fifth consecutive month that number was above 50, according to the Institute of Applied Research and Policy Analysis at Cal State San …

California exported an estimated $16.4 billion worth of merchandise in October, a 5.3 percent year-over-year increase, according to data released Dec. 5. During the same period, U.S. exports fell 0.7 percent, to $176.876 billion, which allowed California’s share of the country’s exports to rise to 9.3 percent, Los Angeles-based Beacon Economics …

A law meant to put the brakes on logistics development could lead to a flood of logistics development in 2025, not only in the Inland Empire but statewide. AB 98, which Gov. Gavin Newsom signed into law in September, puts in place a series of environmental and community health protections …

Approximately 197 million people went shopping during the five-day Thanksgiving Weekend, according to data released Dec. 3. That is second only to last year’s record of 200.4 million U.S. shoppers who bought gifts at least once starting on Thanksgiving Day and ending Cyber Monday, the National Retail Federation in Washington, …