Office, retail picks up

| | Comments (0)

Three recently released reports by commercial real estate brokerage CB Richard Ellis Inc. says that, although housing remains big within Inland Southern California, both the commercial and industrial sectors are doing brisk business as well. All together, the reports indicate 34 million square feet of on-going construction activity in retail, office and industrial projects within the two-county region.

Although there's no real surprise in the industrial sector numbers, probably the most encouraging news is the uptick in both the retail and office sectors, where the region has tended to lag behind most areas of Greater Los Angeles. But with the continued influx of new residents (approx. 500,000 since 2000), both sectors are finally beginning to catch up with the rapid residential growth.

Moreover, the office market is even strong enough for the building of speculative projects -- something not seen in these parts in great numbers since the late 1980s.

Helping to fuel the market are the region's rising population and reputation for being business friendly. The population of the two counties will jump about 50 percent between 2000 and 2020, according to the U.S. Census Bureau.

Inc. Magazine last year rated the region the second best for doing business behind only Atlanta because of its large and sustained job growth.
The Press-Enterprise



Leave a comment


Type the characters you see in the picture above.




Yearly Archives: 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
RXSQ Home | Master Archives | ^^Top of Page

About this Entry

This page contains a single entry by RXSQ published on August 6, 2005 5:52 PM.

3.8 million and counting was the previous entry in this blog.

Central City Mall is the next entry in this blog.

Find recent content on the RXSQ Main Index or look in the Master Archives to find all content.

Follow Us


Make Custom Gifts at CafePress








Powered by Movable Type 4.35-en
version: 4.35-en
  • Subscribe to feed Subscribe to this blog's feeds: Atom

Categories

Archives

Tags

Special

thumb-cafepress-001-250.jpg

Got Riverside? RaincrossSquare is now on CafePress! We are offering a limited number of products -- such as framed prints, postcards and calendars -- using locally-themed images and graphics. Please feel free to browse our online shop.

Photo Request: We're looking for iconic shots and city views taken between 1940 - 1990 in and around Riverside, especially those where the landscape has significantly changed. Read more...

Photos

Photo Galleries
Downtown | City

Photo Pool
www.flickr.com
items in Raincross Square View/add photos: Raincross Square photo pool

Of Interest























Local Links