INLAND EMPIRE – (INT) – As the Inland Empire struggles with its growing pains, construction of new apartments is trying to keep pace.

The Riverside-San Bernardino-Ontario metro area can expect 1,915 new rentals by the end of December. Notably, Murrieta alone will account for approximately 30% of the 575 apartments expected for this year. That puts the Inland Empire 10th among California's leading areas for construction this year.

Nearly half of the new construction across the Golden State in 2024 will be in the Los Angeles (8,924 units) and San Francisco (5,078 units) metro areas. San Jose and San Diego will also welcome around 3,300 new units each.

Apartment Construction Report from RentCafe:

• The number of apartments completed across th4e Inland Empire will see a 40% increase by 2028 compared to the past 5 years: This translates to about 3,800 more units coming online through 2028 compared to the 9,500 rentals added from 2019 to 2023.

• Where else in California is construction speeding up in the next 5 years? By 2028, the Sacramento and Santa Rosa metro areas are also set to add more rentals between 2024 and 2028— 3,500 units and 2,800 units, respectively.

• Nationwide, apartment construction is on track to reach a historic high of over 500,000 new units completed by the end of the year — and California is the fourth-largest contributor to this boom, with 29,880 apartments underway.

Story Date: September 9, 2024