Check out the top trends impacting the #CRE industry in our new 2020 Forecast
January 15, 2020
Inland Empire is commanding heavy interest from investors and developers while making massive strides with California’s trail-blazing renewable energy goals. While Inland Empire is dominated by its industrial platform, multifamily property growth is gaining prominence due to flourishing employment opportunities and out-migration from nearby coastal counties.
The Southern California region is increasingly benefiting from tech investments, e-commerce demand, defense spending, tourism and media; while employment opportunities expand. Los Angeles investment demand and low vacancy is feeding a development boom. San Diego is improving its infrastructure and advancing as a Smart City. Orange County office renovations are increasing, and retail reinvention is reaching new heights. Inland Empire is experiencing a population boom driving a surge in multifamily development and retail demand.