The Inland Empire’s industrial sector continued to roar during the second quarter, with e-commerce and its accompanying big-box properties accounting for most of the onslaught. Vacancy dropped to 3.3 percent, its lowest level in the current boom cycle, while net absorption rose to 4.7 million square feet, according to CBRE …
Read More »Inland retail posts strong quarter
The Inland Empire retail market performed solidly during the second quarter, posting a drop in vacancy and a rise in net absorption. Vacancy during the second quarter was 8.9 percent, below 2016 levels and about where it was two years ago, according to CBRE Group Inc. Despite some anchor store …
Read More »Industrial market is stronger than it looks
Driven by several factors, the current industrial boom is a lot stronger -and potentially has more staying power – than the boom of 2005-2007, according to a recent report. It’s no secret that e-commerce is behind the huge growth in the industrial sector, both throughout United States and locally in …
Read More »Apartment complex aimed at millennials
MBK Rental Living, a division of Irvine-based MBK Homes, has begun pre-leasing properties at MetroGateway in Riverside. The four-story development has 187 apartments and lofts on 4.2 acres next door to the La Sierra Avenue Metrolink station, according to a statement released Wednesday. It’s designed for millennials and has a …
Read More »Office market posts another strong quarter
The Inland Empire office market continued to improve during the second quarter, as net absorption rose while the region’s vacancy rate declined. The two-county region added 97,882 square feet of office space in April, May and June, according to data released Tuesday by CBRE Group Inc. Ontario. Corona absorbed the …
Read More »Mortgage market continues to improve
Four point eight percent of all mortgages in the United States were delinquent during April, down 0.5 percent year over year, according to data released Tuesday. Also during April, the national foreclosure inventory rate – which measures the percentage of mortgages in some state of delinquency – was 0.7 percent, …
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