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Inland Empire & San Diego County Economies: Job Growth, Real Estate Performance, and Economic Indicators

Explore the job growth, real estate performance, and economic indicators in the vibrant economies of Inland Empire and San Diego County. Discover the potential of these regions, including their job market, unemployment rates, educational challenges, and residential and office market trends.

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Inland Empire & San Diego County Economies: Job Growth, Real Estate Performance, and Economic Indicators

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  1. Inland Empire & San Diego County Economies John Husing, Ph.D. Economics & Politics, Inc. Chief Economist, IEEP

  2. U.S. Jobs At A Record Level

  3. 18.0% Add Potential Workers: Given Up Or Part Time 10.6% 7.4% 3.7%

  4. Inflation Worry 3.9% 2.3%

  5. Interest Rates: 4 Short Term Rate Increases 4.83% 3.20%

  6. Yield Curve: Potential Recession Predictor 2 Year to 10 Year 0.30%

  7. California Job Gains/Losses

  8. Inland Empire Population Greater Than 25 of 50 States Greater Than 21 of 50 States

  9. Inland Empire’s Powerful Job Growth! Percent 2018e above 2007 I.E. CA US 15.9% v. 9.8% v. 8.2%

  10. San Diego Co.’s Strong Job Growth Percent 2018e above 2007 SD CA US 11.6% v. 9.8% v. 8.2%

  11. Job Growth by Major Regions

  12. Job Growth Fastest 2017 Job Growth Rates in CA!

  13. Unemployment Rates

  14. Poverty Falling With Job Creation 23.5% 16.4% 16.4% 12.3%

  15. Educational Challenge 46.3% 45.3% 32.0% 29.2%

  16. Real Estate PerformanceLogistics

  17. Inland Empire Job Growthby Sector, 2011-2018e 2011-2018 23.5% Of Job Growth

  18. San Diego County Job Growthby Sector, 2011-2018e 2011-2018 6.7% Of Job Growth

  19. E-Commerce 1.1% 9.6% 15.5%

  20. Port Volumes – LA/LB

  21. Cargo Tonnage: Port of San DiegoBreak Bulk Cargo

  22. Industrial Rates & Vacancies Lease Rates Per Square Foot Per Month Inland Empire $0.53 3.9% Ventura $0.70 2.5% Los Angeles $0.89 1.1% Orange $0.91 1.5% San Diego $0.90 4.1% Source: CB Richard Ellis

  23. Industrial Space Lease Rates $0.94 $0.92 $0.84 $0.56

  24. ONT Airport Cargo Record Volume 17.7%

  25. Air Cargo Tonnage, San Diego International Airport 0.3%

  26. Industrial Construction Locations

  27. Real Estate PerformanceManufacturing

  28. Real Estate Performance

  29. Manufacturing Job GrowthInland Empire 2011-2018 4.0% of Job Growth

  30. Manufacturing Job GrowthSan Diego County 2011-2018 7.7% of Job Growth

  31. U.S./CA Manufacturing Job Growth

  32. CA Electrical Cost +74.6% +83.5% +135.4%

  33. Natural Gas A Bargain

  34. Marijuana?

  35. Real Estate PerformanceResidential

  36. Home Volume

  37. All Home SalesSan Diego County

  38. Home Prices – Inland Empire FHA Conforming Loan Limit: $405,950 +3.7% -10.2%

  39. Home Prices – San Diego County FHA Conforming Loan Limit: $649,750 33.5% 10.8%

  40. Price Competition Highest Price Gaps In History

  41. Apartment Rates/Vacancy, 2018 Inland Empire $1,487 3.8% San Diego $1,978 3.9% Ventura $1,983 3.9% Orange $2,035 4.1% Los Angeles $2,267 4.0% Source: USC Lusk Center For Real Estate

  42. Construction Job Growth 2011-2018 12.3% Of Job Growth

  43. 2011-2018 11.6% Of Job Growth

  44. Real Estate PerformanceOffice

  45. Bachelor’s Degree or Higher, 2017

  46. Median Household Incomes, 2017

  47. Office Market Absorption

  48. Office Market Rates E-Commerce Hurts Market

  49. Office Vacancies

  50. 13.1%

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