Vacancy and lease rates likely will be flat during the next 12 months, and don’t expect to see many office buildings under construction. The big issue, like everywhere else, will be how many people return to the office after working at home during the pandemic. As the new year approaches, …
Read More »IE Joblessness Still High Compared with Other Markets
The Inland Empire’s unemployment rate may be improving, but it still has work to do in order to get where it needs to be. During October, of the 51 U.S.metropolitan areas with a population of one million or more, the Riverside-San Bernardino-Ontario market had the highest unemployment rate – 6.4 …
Read More »IE posts major jobs gain
The Inland Empire added 52,600 jobs between January 2014 and January of this year, the state of California has announced. That was nearly a 4.2 percent increase in all jobs not related to agriculture, according to data released Tuesday by the state Employment Development Department. “It’s a solid number,” said …
Read More »National retail sales stay solid
July was a strong month for U.S. retail. Sales were up 5.4 percent year-over-year, according to data released Thursday by the International Council of Shopping Centers. That increase was particularly impressive given that sales rose 4.2 percent in July 2013, which created a “tough comparison” for this year, said Jesse …
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