Progressive Real Estate Partners is pleased to announce that 1,350 retail transactions were completed in 2010 throughout the Inland Empire. Of these transactions, 600 were completed in San Bernardino County and 750 were completed in Riverside County.

This information is based upon data collected by Costar Group, a leading provider of information, marketing and analytic services to commercial real estate professionals in the United States. As a result, the Inland Empire experienced positive retail absorption of 520,000 SF in 2010 compared to 2,500,000 SF of negative absorption in 2009. The current retail base is 185 million square feet. 16 million square feet is currently vacant which equates to an overall Inland Empire retail vacancy rate of 8.65%.