LAS VEGAS—A flurry of varied retail brands, a growing millennial population and young families are keys to a solid future for inland Southern California’s San Bernardino County. In this exclusive RECon interview, the County’s Soua Vang explains how an inventory of 93 million square feet of existing retail—with an impressive 7% vacancy rate, along with a robust pipeline of more than 800,000 square feet of new development is the big driver for the County. Everything from innovative experiential tenants to Fortune 500 e-commerce users are making their way to the region. As one of the most active industrial markets in the nation for e-commerce activity, new tenants are estimated to bring about 10,000 new jobs to the County.
Pricing affordability when compared to Southern California’s coastal regions is also working to the benefit of County-based retailers and residents alike. In fact, the much sought-after millennials continue to flock to the County’s exceptional quality of life because it is significantly more appealing than many other Southern California cities. Click the video for the full story.