In order to predict the demand for land and economic growth, we must look into the economic numbers of major metropolitan areas and other fast growing cities. Although these are just predictions, these numbers are important in forecasting future economic growth.
The United States Conference of Mayors sees high growth rates for the Inland Empire, projecting that it will be the fastest growing metropolitan area in the United States over a course of 6 years. These predictions may come as a surprise to many, as the metropolitan areas of Phoenix and Houston typically tend to trump others. However, the question remains, can the Inland Empire’s infrastructure handle the sudden increase in population and demand? Many metropolitan areas are unable to keep up when the economy is growing at a faster pace than they are used to.
The Inland Empire is located in close proximity to Los Angeles, allowing it to prevail off of Los Angeles’ economy, but with more space for growth. Los Angeles and Orange County are expected to grow, but at a much slower pace than surrounding California metropolitan areas.
The Inland Empire’s Victor Valley is among the surrounding areas that are expected to benefit from the Inland Empire’s projected growth. This prediction may be attributed to the availability of land in the Victor Valley and the affordable housing prices.
It will be interesting to see how the Inland Empire handles its projected growth, and how it will benefit the California economy as a whole.
Contact Professional Land Corporation, if you want to learn about high quality land in the Inland Empire’s Victor Valley or surrounding Southern California locations. Professional Land Corporation has prime residential, apartment, commercial and industrial zoned land parcels available with an affordable down payment and excellent long-term financing.