Inland Empire

Mt. San Jacinto College's new Temecula Valley Campus will total 350,000 square feet.

Thanks to a recent SCOTUS decision, landowners can now bring cases against local agencies in federal court, and a new suit against the Riverside Transportation Authority is among the first.

Orange County apartment rents have increased 3.2%, while Inland Empire rents are up 4.1%.

Avison Young notes that the top industrial markets expected to continue to perform well into 2020 will be: California's Inland Empire, Dallas, New Jersey/New York City, Seattle, Chicago, and Miami, among others.

Los Angeles is the second metro in the US for inbound capital flows, while the Inland Empire is the fastest growing for foreign investment.

The California Association of Realtors issued a statement from president Jared Martin, saying it is disappointed by the passage of the bill, which moves California toward statewide rent control.

Assembly members voted 46-22 to limit annual rent increases at 5% plus inflation until 2030 but would not apply to housing built in the last 15 years, single-family homes not owned by corporations/trusts and duplexes where the owner lives in one unit.

The western side of the Inland Empire has been nearly built out, pushing developers into the eastern side of the market.