U.S. retail sales rose for the sixth consecutive month in March, thanks to higher-than-normal tax returns that made up for higher gas prices, according to data released April 14. Total retail sales, excluding automobile dealers and gasoline stations, were up 0.4 percent month-over-month and up 6.6 percent year-over-year, the CNBC/National Retail Federation …
Read More »Inland office market slips
The Inland Empire office market slowed during the first quarter. Net absorption fell to negative 99,600 square feet, down from positive 15,100 square feet in the fourth quarter of 2025, according to CBRE. Vacancy was 6.1 percent, up from 5.7 percent quarter-over-quarter. That modest increase was attributed to several large …
Read More »Homeless navigation center breaks ground
A groundbreaking ceremony was held recently at the future site of the West End Regional Navigation Center in Fontana. The 200-bed facility at 1109 Jasmine St. will shelter homeless individuals until they can be moved into permanent housing, according to a statement on San Bernardino County’s website. It will be …
Read More »Inland industrial vacancy increases
The Inland Empire industrial market recorded a 7.8 percent vacancy rate during the first quarter, a 1.2 percent increase compared with the fourth quarter of 2025, according to a report. An increase in move-outs among buildings 500,000 square feet and larger, was responsible for that trend, which was strong enough …
Read More »Coachella Valley festival returns
The 25th edition of the Coachella Valley Music & Arts Festival kicked off April 10 in Indio. An estimated 250,000 people are expected to gather at the Empire Polo Club for the two-weekend event that will run through April 19 Both weekends are sold out, but the event will be …
Read More »Pending home sales drop
Pending home sales fell 2.4 percent nationwide during the four weeks that ended April 5, the largest decline in three years, according to data released April 9. Homebuyers are backing away from transactions for several reasons, including higher mortgage rates, higher prices, and the Iran War, Seattle-based Redfin reported. The …
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IE Business Daily Business news for the Inland Empire.