Recovery & Growth Expected for the Inland Empire
Like many areas, the Inland Empire was hit hard by the Great Recession. The Inland Empire economy is on the right track. The area is currently one of the fastest growing regions in Southern California.
The trend of fast growth in the Inland Empire is expected to continue for the next five years. This can be attributed to both the availability of land that can be used for development projects and the close proximity to major transportation corridors and ports in the area. The successful and fast paced recovery of the region is in part because the Inland Empire learned from their mistake during the mid-2000s housing bubble where the majority of their job growth was attributed to the real estate industry. This time, they have diversified their economic recovery by scaling more industries, including professional services and goods distribution.
The broad nature of the Inland Empire’s economic recovery means that growth can continue and the region can flourish. Due to the dire hits of the Great Recession, the region still needs time to recover from the approximately 75,000 jobs that were lost in the Inland Empire. However, major projects and developments in the area in combination with the diversified industry focus will have the Inland Empire back to pre-Great Recession numbers in only a few years.
Contact Professional Land Corporation if you want to learn more about high quality land for sale in the Inland Empire’s Victor Valley, Antelope Valley, or the surrounding areas. Professional Land Corporation has prime residential, commercial, apartment, and industrial zoned land parcels available with affordable down payments and excellent long-term financing options.