The Inland Empire office market absorbed 60,548 square feet of space during the third quarter, enough to drop the region’s vacancy rate half a point, to eight percent. Most of that space was added in Riverside, where 26,503 square feet was added during the quarter that ended Sept. 30, according …
Read More »Survey to help determine county housing policies
San Bernardino County is asking for the public’s help in establishing its housing policy. Every five years, the San Bernardino County Community Development and Housing Department asks county residents to complete a survey regarding planning related to housing and community development, according to a statement on the county’s website. Information …
Read More »Industrial market has tough third quarter
The Inland Empire industrial market struggled during the third quarter, recording negative absorption and a drop in construction. Vacancy was 6.8 percent, unchanged from the second quarter, the first time in two years that number did not go up, according to CBRE. Eleven point six million square feet of industrial …
Read More »Indio forms business support group
Indio has started a support group for the city’s businesses. Indio Business Connect, which was announced Oct.1 at the State of the City gathering, will be paid for by the city, according to a statement on the city’s website. Open to all Indio-based businesses free of charge, the program will …
Read More »Opponents of new law that limits logistics development say the fight isn’t over
AB 98, the bill that places strict restrictions on where warehouse-distribution projects can be built has been signed into law, but some of the bill’s opponents are determined to get it changed anyway. The law, which Gov. Gavin Newsom signed Sept. 29, is scheduled to take effect in 2026. From …
Read More »Inland manufacturing bounces back
The Inland Empire manufacturing sector is growing again. The two-county region’s purchasing managers index was 56.2 in September, up from the 51.3 index recorded in August, according to a report released Oct. 4 by the Institute of Applied Research and Policy Analysis at Cal State San Bernardino. More important than …
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