Covering over 27,000 square miles, the commercial development in the industrial sector increased user demand from national tenants paired with the continually growing population of the Inland Empire now at 4.3 million people. Inexpensive land prices (compared to neighboring coastal counties), supply of vacant land, and a transportation network where many highways and railroads intersect have also made it a major industrial center. Several of the nation's largest manufacturing and shipping companies have chosen the Inland Empire for their distribution facilities. These distribution centers operate as part of the link that transports finished goods and materials from the ports of Los Angeles and Long Beach to destinations to the north and east such as Las Vegas, Phoenix, and Denver.
With more than 27 colleges and universities in the Inland Empire and lower housing costs than neighboring coastal counties, there are now more than 300,000 college-educated workers in the Inland Empire, a factor driving commercial growth on all levels.
Among those professional and college-educated workers are more than 100 real estate professionals that make up the CBRE’s Inland Empire Region, led by Managing Director Joe Cesta. Based in two strategically located offices across the region, with a hub office in the heart of Ontario, these professionals are the ultimate market experts in all aspects of commercial real estate including office, industrial, retail, investment properties, Information Management, Asset Services, Debt & Equity Finance, Appraisal and National Retail Services. In addition to the Ontario hub office, CBRE has a successful and growing office in Temecula which boasts a dynamic, leading multi-housing team of brokers.