Commerce Center is Well-Timed with Industrial Space Running Scarce

Renaissance Commerce Center, a three-building 87,189-square-foot ground-up industrial development, recently broke ground in Rialto. This is good timing, given there are few to no buildings in this size range planned in Rialto, says Juan Gutierrez of Voit Real Estate Services.

Gutierrez and John Viscounty will represent The Voit Company in the lease or sale of the property.

“The industrial sector has performed extraordinarily well over the past 18 months, fueled by e-commerce, 3PL and a wide variety of expanding logistics uses,” says Gutierrez. “As a result, demand for high-quality industrial space in the Inland Empire has soared. Concurrently, trends including expanding online retailing, tight supply in nearby Los Angeles and Orange County and record-breaking volumes at the ports of Los Angeles and Long Beach indicate that long-term demand will be sustained in the region.”

Gutierrez says Voit expects Renaissance Commerce Center to garner interest from both tenants and investors based on its location and development quality.

“The Inland Empire remains one of the largest and most in-demand industrial hubs in the country, with more than 57 million square feet of product leased or sold in the last year alone,” says Gutierrez. “This activity is attractive to investors seeking further growth coinciding with the region’s ever-expanding distribution base, and to credit tenants seeking a high-quality environment for streamlined operations.”