Retail Growth in the Inland Empire

The Inland Empire is experiencing a retail boom thanks to its affordable housing and growing population.

A recent article by Nellie Day in California Centers Magazine highlighted the region’s strong retail market.

Key Factors Driving Growth:

• Affordable housing: The median sales price in Riverside and San Bernardino counties is significantly lower than in other parts of Southern California.
  
• Growing population: The region is expected to add more than 1 million new residents by 2048.
  
• Strong demand: The influx of new residents is creating a strong demand for retail goods and services.
  

Challenges and Opportunities

The Inland Empire’s retail market faces challenges.

Rising lease rates and a lack of new construction make it difficult for some businesses to find space. 

However, the region’s strong economy and growing population create new opportunities for retailers.

The Inland Empire is a great place to live, work, and shop.

The region’s retail market is booming, and there are many opportunities for businesses to succeed.

Additional Considerations:

The article also mentioned that the vacancy rate in the Inland Empire is at a record low.

This indicates that there is a strong demand for retail space in the region.

Link to Magazine: https://editions.mydigitalpublication.com/publication/?i=841697&p=4&view=issueViewer