Commercial Real Estate News:
The Inland Empire is a region in Southern California that is centered around two major cities. The cities that make up the Inland Empire are Riverside, and San Bernardino in the Greater Southern California Area. These two areas together are at their widest 27,000 square miles and are home to more than four million people and is the third most populated metropolitan area in California. It is the fourteenth most populous city in the United States and over eighty percent of the area’s diverse population resides on the floor of San Bernardino Valley.
Great Deals On Office Spaces In:
Riverside, Murietta, Menifee,
The major attraction to the area is due in large part to the inexpensive land prices in comparison to Los Angeles and Orange Counties, which are extremely expensive the closer you get to the ocean. With such low land prices the area is home to major manufacturing, distribution, and shipping companies. The distribution hub in the area is home to Toyota Motor Corporation’s North American Parts and Logisitics Distribution, Whirlpool Corporation, just to name a couple. The hubs also center around the operation of one of the largest warehouses in the country that ship finished goods to all areas of southern California, Las Vegas, Phoenix, and Denver. The area still manages to produce large areas of crops and while there is a large urbanization going on, it still brings in around 1.6 billion dollars in revenues to the two-county region. Despite a large community of industry, the unemployment rate has risen to upwards of 14.5% and has been hard hit by the current economic downturn.
Inland Empire Office Rentals:
Despite the unemployment rate, the Inland Empire still manages to create opportunities and help for those looking to start a business, or build a business from small to large. The prices and overhead attributed to good office space in the Inland Empire is low to high and more often found in the lower price points among similar sized office spaces. A recent survey of the available office space found prices starting at around $285 a month for a small private office space to upwards of $1800 a month for large commercial office space at 2600 square feet. You’ll find a wealth of opportunity in regards to good inexpensive and expansive office space. The commercial real estate and new job growth potential is through the roof in the area due to low cost of living and low land costs.
If you’re looking at the Inland Empire for your educational goals, you are going to love the wide array of opportunities that exist. The area is home to the University of Redlands, California State University, California Baptist University, University of Riverside, Cal Poly University, and so many other institutions of higher learning that you’ll have no problem finding the right school for your future endeavors.
If you can handle the heat that is produced in this area during the summers, you will find a great amount of opportunities to grow a family, business, or simply learn a new vocation in many of the educational opportunities that exist for you. The Inland Empire is definitely a lower cost option in Southern California, rich with industry and more.
