OC Rents Drive Industrial Demand to Norco/Corona

Combined, the cities of Norco and Corona make up a key distribution infill market with limited remaining developable land. The cities are near rail lines and airports including the Ontario International Airport and Los Angeles International Airport.

According to CBRE, rising rental rates in Orange County are driving industrial warehouse demand to Norco/Corona as a lower cost alternative market. The submarket also offers multiple amenities and has strong corporate neighbors.

“The Norco/Corona submarket continues to fill in with robust economic activity,” says Alan Carmichael, senior vice president of investments at Alere Property Group. “While the remarkable growth of e-commerce supports a majority of the demand for new warehouse space in the Inland Empire, Southern California-based manufacturing companies are performing well and are also in need of contemporary industrial facilities to grow their businesses. Alere is committed to supporting the industrial space needs of these manufacturers.”