Real Estate

The Inland Empire office market added more than 323,172 square feet of space during 2016, with most of that activity happening around Ontario International Airport, according to data released Tuesday. That absorption, combined with an absence of new development, caused the two-county region’s vacancy rate to drop to 12.9 percent …

The Inland Empire industrial market continued to hum during the fourth quarter of 2016. Vacancy in the two-county region was 4.5 percent, down from 5.3 percent in the third quarter, according to Voit Real Estate Services’ latest quarterly industrial report on the region. More than 91 industrial buildings – nearly …

U.S. monthly apartment rents dropped an average of $4 in December. The average rent for an apartment unit nationwide last month was $1,210, a four percent year-over-year increase, according to Yardi Matrix, an apartment information service in Santa Barbara. The Inland Empire bucked the national trend. Apartment rents in Riverside …

Home prices, including distressed sales, rose 6.1 percent in the Inland Empire year-over-year in November, according to data released Tuesday. That was exactly one percent below the national rate of 7.1 percent, Irvine-based CoreLogic reported. Month-over-month, home prices in Riverside and San Bernardino counties were virtually unchanged, up only 0.4 …

Home sales in Southern California rose 24.1 percent in November year-over-year, but that increase isn’t as impressive at it might appear. Artificially week sales in November 2015 accounted for much of that increase, which was the highest recorded in the month of November since 2012, said Andrew LePage, research analyst …

Thirty one point seven percent of all home sales in the United States during September were cash transactions, a year-over-year drop of 1.3 percent, according to data released recently. During the same period, distressed sales declined 2.8 percent while real estate-owned sales were at their lowest since August 2007, Irvine-based …