Tag Archives: Economy

The Inland Empire office market perked up slightly during the first quarter, as the worst effects of the pandemic began to wane. Net absorption was minus-42,843 square feet, down from minus-61,148 in the fourth quarter of 2020, according to CBRE. That trend was fueled mostly by leases of properties between …

The proposed Warehouse Indirect Source Rule is a tax that will hurt Southern California’s warehouse-distribution operations, according to industry officials. It will do nothing of the sort, says the AQMD.   A proposed measure by Southern California’s state-sanctioned clean air agency has the region’s logistics industry crying foul. The Warehouse …

Inland Empire manufacturing performed the same in March as it did in February, and that’s good news. The region’s purchasing managers index was 64.3 last month, virtually unchanged from February’s 63.9 and well above the 50 benchmark that determines whether manufacturing is expanding or contracting, the Institute of Applied Research …

California’s unemployment rate dropped slightly in February, as state employers added an estimated non-agricultural 141,000 jobs. The state’s 8.5 unemployment rate last month was a 0.5 percent decline from February, well above the national rate of 6.2 percent, according to data released today by the California Employment Development Department. February’s …

The number of small businesses still operating in five of California’s major markets remains below pre-COVID 19 levels, according to a report. San Francisco has suffered a 50.5 percent drop in the number of small businesses that have remained up and running since the pandemic hit one year ago, the highest …

February was one of the best months ever for manufacturing in Riverside and San Bernardino counties, and all signs point to continued improvement. The battle hasn’t been won, but the worst of the crisis, – at least for the local manufacturing sector – could be in the past.  It might …