Inland Empire Industrial Vacancy Falls Below 2%

The Inland Empire remains one the largest and most in-demand industrial hubs in the country. This demand has left few vacancies in the region.

“In fact, for the first time ever, industrial vacancy in the Inland Empire fell below 2 percent, dropping 95 basis points in Q2 of 2021 to just 1.78 percent. The shortage of space spans all size ranges and is especially low in spaces over 250,000 square feet,” says Voit Real Estate Services’ Juan Gutierrez.

To combat this space dearth, Ramona Commerce Center, a 430,152-square-foot industrial building, is slated for delivery later this month in Perris, CA. In a long-term prelease, a Fortune 500 industrial supplier tenant, will fully occupy the building as a regional distribution center.

Voit’s Gutierrez, Mike Bouma and Ryan Miller represented the property owner, IDI Logistics.

“This transaction speaks to the strength of the local market and to the deep expertise of the IDI Logistics team,” says Gutierrez. IDI Logistics recognized the opportunity in this location and developed an asset that was well-positioned to generate competitive interest, he says.

“There are very few vacant properties in the region that offer industrial users everything this property does,” Gutierrez notes. “Its development was exceptionally well-timed in this highly competitive industrial market.”

Ramona Commerce Center is near I-215 and offers access to additional interstates, allowing for direct connections to surrounding regions.

“Based on the property’s strategic location and highly sought-after industrial features, it garnered tremendous interest from several prospective tenants,” says Giancarlo Da Prato, vice president of IDI Logistics.