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The Inland Empire has the fastest growing retail rents in Southern California. According to a new report from NAI Capital, retail rents were up 13% in the Inland Empire for 2018, compare to 2017. Los Angeles retail rents also grew year-over-year, but only by 1.7%, while Ventura County and Orange County remained relatively flat, according to the report. Thanks in large part to the industrial sector, the Inland Empire market has benefitted from job and population growth in recent years, helping to drive real estate investment in multifamily and retail assets.

“The region is seeing a migration from West to East seeking relief from the high price of housing in Los Angeles and Orange Counties,” Lidia Talavera, EVP at NAI Capital Ontario, tells GlobeSt.com. The Inland Empire also ranked number seven among the top 10 highest-gaining metro areas. Average household incomes in the region are rising and are expected to increase, creating consumer demand for high-end retail. The yearend unemployment rate in the Inland Empire at 4% is the lowest in a decade. The demand for housing is also driving the demand retail in the Inland Empire.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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