Employment outlook promising for Inland Empire cities such as Chino, Fontana, Ontario, Perris, Riverside, San Bernardino due to warehouse facilities.
Online PR News – 11-July-2012 – Riverside, CA – The Inland Empire is struggling with one of the highest unemployment rates in the country. About 1 in 8 people are looking for work, compared to the national average of 1 in 12. This year unemployment has dropped 2% in the Inland Empire, which could be attributed to the manufacturing, distribution, logistics sectors adding jobs.
Warehouses in the Inland Empire offer high-paying jobs for people with advanced degrees in computer science or with knowledge of robotics. In addition, there are plenty of entry-level jobs that pay $12 an hour or more. With the large amount of blue collar workers, warehousing gives an employment opportunity to those who were previously out of work.
Distribution and manufacturing in San Bernardino and Riverside Counties is the fastest growing part of the local economy. During the 2007 recession 4,400 jobs were added to the industry in the Inland Empire alone.
The region is projected to remain California's fastest-growing region for some time to come. John Rojas, the president of Cargo Cats Inc., said his warehousing business saw a spike in activity recently, and that his main warehousing unit is now operating at about 90 percent of capacity. "We're going at 100 miles per hour right now," Rojas said, standing beside ceiling-high, towering stacks of boxes in his Mira Loma, California warehouse.
"The Inland Empire holds the largest concentration of distribution and manufacturing space in the United States," said John Galaxidas, CEO of Synergy Real Estate Group. "We have a number of clients seeking to distribute product from China through the Port of Long Beach by setting up a Western Regional Distribution Center in the Inland Empire. The clients include off-shore manufacturing companies such as TCPi, the largest manufacturer of florescent bulbs in the world market."
This comes with no surprise when considering the key location of Inland Empire warehouses. Close to LAX and the Ports of Long Beach and Los Angeles anything that is shipped and needs storage will probably visit an Inland Empire warehouse before reaching its final destination. In fact, 42% of international goods come into Los Angeles and Long Beach.
About Synergy Real Estate Group Corporate Advisory, LLC:
Synergy is a tenant / buyer representation - corporate real estate advisory firm that exclusively represents small businesses, medium sized companies and corporations for their real estate needs. Synergy does not represent landlords or building owners, only tenants. Synergy identifies the space, drafts the RFP's, sends out proposals on behalf of the tenant, drafts and negotiates the contract and closes the transaction. In the RFP process, Synergy gets landlords/property owners to compete for business to get the tenant the best terms and price. Synergy differentiates themselves from many large real estate brokerage firms by holding a strict policy of not taking property listings. By doing so, they avoid any possible conflicts of interest when representing clients. Synergy gets compensated when the deal closes. The listing agent who represents the landlord splits the commission with Synergy when the deal is consummated.