IE Business Daily Business news for the Inland Empire.
The Inland office market finished 2107 on solid footing, according to data released Thursday. While nothing new was built, the region did absorb a little more than 193,000 square feet of space during last year’s fourth quarter, according to CBRE Group Inc.’s quarterly report. Also, the Inland region’s office vacancy …
Read More »IE industrial costs outpace rest of US
The cost of industrial land in the United States is going up, and nowhere is it rising faster than in the Inland Empire. The average price of industrial parcels between 50 and 100 acres is more than $100,000 an acre, about twice as much as one year ago, according to …
Read More »Inland housing market should be strong in 2018
All signs point to more home building and sales this year. How much the recently passed GOP tax reform package will help remains to be seen. Will 2018 be the year enough houses are built in the Inland Empire to keep up with demand? Probably not, but 2017 was a …
Read More »Starbucks site changes hands
A Fontana retail property occupied by a drive-thru Starbucks Coffee has been sold. The 2,500-acre site at 17142 Slover Ave. sold for $3.1 million, according to a statement released by Faris Lee Investments, which negotiated the sale. The seller was Puente Hills Power Center LLC, a private investment group. The …
Read More »U.S. rents up slightly in December
Average multifamily rent in the United States was $1,359 in December, the same as November but a year-over-year increase of 2.5 percent, according to data released this week. Even though last year’s rental growth was the lowest since 2010, that growth is expected to continue this year because of strong …
Read More »IE industrial market finishes 2017 strong
The Inland Empire had nearly 558 million square feet industrial space operating in the fourth quarter of last year, up from 536 million square feet one year earlier, according to data released Wednesday. Another 20.7 million square feet was under construction, Newmark Knight Frank reported in its fourth quarter survey …
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