Economy

In April and May, the unemployment rate in Orange County was 2.6%, the lowest rate in nearly 20 years.

Renters in the region absorbed approximately 9,155 units so far this year, which was roughly three times the number of units absorbed during the first half of 2017 and which far outpaced the 6,336 apartment deliveries year-to-date.

Some Los Angeles office submarkets are booming while others are falling behind, but overall leasing activity is trending down.

The long-promised lawsuit filed by New York State Attorney General Barbara D. Underwood specifically points to the federal tax reform law capping the SALT deduction at $10,000 as damaging to state taxpayers. The litigation was joined by the attorneys general of Connecticut, Maryland and New Jersey.

Amazon's long-rumored entrée into the prescription business recently became a reality. It's clear that the real estate industry will soon find itself with a major drug problem.

In the month of June, cargo volumes at the Port of Long Beach hit record levels in the port's history with increases for both imports and exports.

Should the trade disputes escalate it will likely result in less demand for industrial space as US imports require more space than US exports, CBRE said.

According to a new report from CBRE, Los Angeles suburban markets are ranked 14th in the world for office rent growth.