Inland Rebound

The Inland Empire went pretty much from first to worst in terms of economic growth when the recession hit, but its industrial market has snapped back dramatically. So much so, in fact, that it accounted for nearly 30% of all US industrial absorption in 2010, according to a Jones Lang LaSalle report. The rebound in the industrial market raises the question of whether the good news is just in the industrial sector or is a harbinger of a general recovery in the region, which suffered some of the country’s worst job losses after a huge run-up in construction and employment during the last cycle.