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California  + Inland Empire  + Industrial  | 
Norco Bans Warehouse Development for 45 Days

Inland Empire Has Lowest Industrial Vacancy Rate in U.S.

Bullish demand-supply fundamentals continue for the Nation’s industrial markets, despite the volatile economy according to a new report from Commercial Edge. The May numbers indicate that healthy consumer spending and supply chain hurdles will continue to drive demand in the near term.

The Inland Empire remains one of the hottest industrial markets in the country. With a vacancy rate of just 0.8%, it leads the country in that category, with Los Angeles coming in 2nd at 2.1% vacancy. Meanwhile, the 6.3% year-over-year increase in rental rates is the 4th-highest jump nationally and now stands at $6.75-per-square-foot.

On the supply side, the pipeline is bursting with 640 million square feet of industrial space under construction across the country. The Inland Empire has nearly 34 million square feet being built, ranking 3rd in the U.S. behind Dallas and Phoenix.

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About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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