{"id":672,"date":"2021-03-10T09:34:20","date_gmt":"2021-03-10T09:34:20","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=672"},"modified":"2023-03-10T08:13:21","modified_gmt":"2023-03-10T08:13:21","slug":"inland-empire-housing-market-trends-winter-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/inland-empire-housing-market-trends-winter-2021\/","title":{"rendered":"Inland Empire Housing Market Trends &#8211; Winter 2021"},"content":{"rendered":"<h2>Playing to Its Strengths<\/h2>\n<p>The Inland Empire\u2019s multifamily market is showing signs of strength, despite economic headwinds. Rent expansion remained positive through 2020 and surpassed the nation. Rates increased by 0.6% on a trailing three-month basis as of January, with Lifestyle figures outperforming the working-class Renter-by-Necessity segment. As more and more people are shifting inland from expensive coastal metros\u2014a factor that is offsetting the area\u2019s economic volatility\u2014rent growth is expected to endure in 2021.<\/p>\n<p>The market has not been immune to stress during the past year, with employers shedding 108,000 jobs during the 12 months ending in November. Unemployment in the metro was 9.1% in December, exceeding the 6.7% national rate. However, the Inland Empire benefits from one of the country\u2019s largest industrial markets, bolstered by major growth in e-commerce demand, as well as Los Angeles\u2019 spillover effect.<\/p>\n<p>Transactions totaled $1 billion in 2020; despite being a 40% drop from the previous year, this did not equate a cycle low. Meanwhile, per-unit prices improved considerably. Despite delays in most metros, the Inland Empire\u2019s construction activity picked up last year, with 2,735 units under construction as of January. The economic situation did not slow activity: In the second half of 2020, projects totaling more than 1,000 units broke ground.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1217-MatrixMultifamilyInlandEmpireReport-Winter2021?utm_source=Matrix-Blog&amp;utm_medium=Social\"><strong>Matrix Multifamily Inland Empire Report-Winter 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Playing to Its Strengths The Inland Empire\u2019s multifamily market is showing signs of strength, despite economic headwinds. Rent expansion remained positive through 2020 and surpassed the nation. Rates increased by 0.6% on a trailing three-month basis as of January, with Lifestyle figures outperforming the working-class Renter-by-Necessity segment. As more and more people are shifting inland [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[111,221],"class_list":["post-672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-inland-empire","tag-multifamily-outlook-2021"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Inland Empire Housing Market Trends - Winter 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"description\" content=\"Rents increased 0.6%, with \u201cLifestyle\u201d rent growth at 1.0%. Investment volume dropped by 40% in 2020 to $1 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/inland-empire-housing-market-trends-winter-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland Empire Housing Market Trends - Winter 2021\" \/>\n<meta property=\"og:description\" content=\"Rents increased 0.6%, with \u201cLifestyle\u201d rent growth at 1.0%. Investment volume dropped by 40% in 2020 to $1 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/inland-empire-housing-market-trends-winter-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-10T09:34:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-10T08:13:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/03\/Inland-Empire-iStock-1281557420.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeff Hamann\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Inland Empire Housing Market Trends - Winter 2021 - Yardi Matrix Blog","description":"Rents increased 0.6%, with \u201cLifestyle\u201d rent growth at 1.0%. 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