|Commercial real estate owners, developers and property managers from across Southern California along with economic development executives, buyers and lenders active in the retail, industrial and multi-family sectors converged on Moreno Valley today for the Annual Inland Empire Commercial Real Estate Conference.
The event, held Jan. 23 at the City’s Conference & Recreation Center, featured speakers who provided insight into economic trends affecting commercial real estate in what is one of the nation’s most active markets.
“As a center of commercial real estate development in the region, we were proud to host this important event,” said Dr. Yxstian Gutierrez, Mayor of Moreno Valley, the second-largest City in Riverside County. “Commercial development has been the catalyst for much of the tremendous job growth we’ve seen in Moreno Valley.”
The Mayor noted that the City’s population has grown five percent in the past five years, and that Moreno Valley has added approximately 20,000 new jobs in just the past six years. The City’s employment rate stands at 96 percent.