Economy

Second quarter leasing reports show strong tenant demand, rising rental rates and a low 3.5% vacancy rate.

The vacancy rate fell 20 basis points in the second quarter as a result of new deliveries, but the slip isn't an indicator of weak demand.

With unemployment at record lows, it is unlikely that unemployment will inch down any further, but expanding companies will have a hard time finding talent.

Some economists think that this time it might be different.

CRE so far seems like it can weather the storms caused by trade wars and rising interest rates.

The North County market and the I-15 corridor saw the majority of industrial leasing absorption in the first half of the year.

The project, dubbed SouthLawn, will add more than 600 residences, more than 15,000 square feet of retail space and a town green near the historic downtown.

Industrial lease rates have already hit record highs, but experts expected they will continue to grow this year.