Looks Like The WSJ sees what I see

And that is growth in the IE.

Full Story:

For the first time in years, John Rojas has a warehouse brimming with boxes.

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, Calif. warehouse.

Warehouses in the Inland Empire, which receives goods from the two largest ports in the country, reported a similar increase. To deal with the heavier load, many warehouses have taken on new employees.

Temporary hiring agencies, such as York Employment Services and CitiStaff Solutions Inc., do a lot of the hiring for warehouses in the district, and say they have been finding more work for more people.

...

Mark Doss, owner of Mark Doss Trucking who was eating at the Ontario West Travel Center on Monday, said, “In ‘08 and ‘09, you could actually find a place to park. Now, you can’t.”

He said it’s been difficult to find a parking spot at gas stations, food joints and other places around the Inland Empire warehouses since the Spring. From January through April it was “dead, dead” on the highway 10, he said. But since then, he has noticed about a 30 percent increase in traffic coming into the warehouses.

The Inland Empire is a growth market, and looks like these "green shoots" are starting to take hold. We have seen it in increased activity in Inland Empire, mostly in the East but also starting in the West.

When I heard someone say that recovery was going to happen in the Inland Empire first, I was a little skeptical, since things were going down so fast it was hard to think of them going back up.

But the East has shown the quickest turnaround, mainly because it is more responsive to prices (more elastic is how economists would describe it). The less elastic markets, such as Central Los Angeles & especially Vernon, have not fared as well.

Nothing like a soured commercial loan and mounting debt to motivate landlords to reduce prices.