{"id":1004175534,"date":"2017-05-24T00:33:21","date_gmt":"2017-05-24T08:33:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004175534"},"modified":"2025-02-26T23:48:52","modified_gmt":"2025-02-27T07:48:52","slug":"the-inland-empire-expands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/the-inland-empire-expands\/","title":{"rendered":"The Inland Empire Expands"},"content":{"rendered":"<p>By Alex Girda<\/p>\n<div id=\"attachment_1004175314\" style=\"width: 410px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004175314\" data-attachment-id=\"1004175314\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-inland-empire-expands\/inland-rent\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg\" data-orig-size=\"1176,477\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Alexandra Efrimov&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1493977842&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"inland rent\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Inland Empire rent evolution, click to enlarge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg?w=1024\" class=\"size-full wp-image-1004175314\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg\" alt=\"Inland Empire rent evolution, click to enlarge\" width=\"400\" height=\"162\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg 1176w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg?resize=300,122 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg?resize=768,312 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/inland-rent.jpg?resize=1024,415 1024w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><p id=\"caption-attachment-1004175314\" class=\"wp-caption-text\">Inland Empire rent evolution, click to enlarge<\/p><\/div>\n<p>Rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion. The metro boasts high occupancy rates\u201496.1 percent for stabilized properties as of the first quarter\u2014and a pipeline brimming with new supply, though most deliveries are still a year or two away.<\/p>\n<p>Although employment growth has tempered, the Inland Empire managed to outperform the national average, due to solid gains in trade, transportation and utilities; education; and health care. Rising global trade and the growth of e-commerce have increased demand for industrial and warehouse properties. California\u2019s Road Repair and Accountability Act will bring projects worth an estimated $427 million to Riverside alone, further stimulating transportation and construction.<\/p>\n<p>Evidently, investors are eyeing this area: More than $2.3 billion in multifamily assets have changed hands since the beginning of 2016. A limited amount of new inventory throughout the current cycle has helped bolster rents, which have risen modestly but not nearly as much as in most U.S. cities. As long as supply is weak and demand strong, rents in the Inland Empire should rise at an above-trend rate of 7.6 percent in 2017.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/Media\/Downloads\/File\/229-InlandEmpire-Spring2017Outlook?utm_medium=Research-Center&amp;utm_source=CPE&amp;utm_campaign=229-InlandEmpire-Spring2017Outlook\" rel=\"nofollow noopener\" target=\"_blank\">Yardi Matrix report<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Multifamily rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion, Yardi Matrix data shows.<\/p>\n","protected":false},"author":41,"featured_media":1004175312,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37769,34027,21742,37795,15],"tags":[],"class_list":["post-1004175534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-absorption","category-inland-empire","category-latest","category-rc-occupancy","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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