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Job Growth Drives 1.2M-SF of Retail Development

SAN BERNDARDINO, CA—San Bernardino County welcomes 1.2-million square feet of retail development in a total of five projects, with national retailers serving as anchor tenants.

By Kelsi Maree Borland | Updated on May 07, 2015

SAN BERNDARDINO, CA—San Bernardino County is set to get 1.2 million square feet of new retail development, much of which will house major retailers. The much-needed surge is due to some significant job growth in the market, which was hit hard by the recession. In total, the regional economy has gained 30,000 jobs over the last 12 months and 200,000 jobs since the lowest point of the recession.

“The region has recovered all of the jobs that were lost during the recession and have now beyond pre-recession employment levels,” Larry Vaupel, economic development agency administrator for San Bernardino County, tells GlobeSt.com. “In fact, in the last three years, over 150,000 jobs have been created. The additional disposable income, along with population growth is driving a retail expansion. The area also experienced significant population growth pre-recession and retail did not have a chance to develop to meet those increased demands prior to the recession setting in.”

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