Inland Empire apartment rents grew 4.2 percent during the fourth quarter of 2019, the seventh-largest year-over-year increase of any major U.S, market, a report stated. Phoenix topped the list at 8.1 percent, followed by Las Vegas at 5.7 percent, Nashville at 5.2 percent and Greensboro/Winston-Salem N.C. at 4.8 percent, according …
Read More »IE manufacturing ends 2019 on upswing
Inland Empire manufacturing ended 2019 on a solid note, according to data. The region’s purchasing managers index for December was 53.6, up slightly from November and comfortably above 50, the number that determines whether manufacturing is expanding or contracting, the Institute of Applied Research and Policy Analysis at Cal State …
Read More »Report: IE posts strong job growth
The Inland Empire has experienced stronger job growth during the past year than the United States, California and nearby metropolitan areas in Southern California, according to data. The Inland region’s one-year job growth as of October was two percent, outperforming the United States (1.4 percent), California (1.8 percent), greater Los …
Read More »Inland economy looks strong heading into 2020
Possible trade wars are the closest thing to a cloud on the economic horizon. More slow but steady growth in business activity, a pattern that’s been in place for several years, is the likely scenario for the next 12 months. How is the Inland Empire economy likely to perform in …
Read More »Solid start to holiday shopping season
Just under 190 million U.S. consumers shopped at least once from Thanksgiving Day through Cyber Monday, a record, the National Retail Federation announced Wednesday. That was a 14 percent increase compared with last year, when nearly 168 million people went shopping during that five-day period, the federation reported, citing data …
Read More »Holiday spending expected to stay strong
Consumer spending should stay strong during the holiday season despite uncertainty about international trade and a slowdown in the global economy, according to the world’s largest commercial real estate brokerage. Sales are expected to grow approximately three to four percent year-over-year, with e-commerce sales expected to grow by 11 to …
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