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California  + Inland Empire  + Industrial  | 

Industrial Renewals and Expansions Stay the Course in Inland Empire

With continued e-commerce demand for warehouses and distribution properties, vacancy continues to tighten. The Inland Empire had a robust amount of gross industrial activity during fourth-quarter 2020, clocking in at more than 14.3 million square feet from renewal and expansion activity, according to Lee & Associates.

This activity was due to several notable deals from tenants such as Unilever, Geodis Logistics, Living Spaces, American Building Supply and ICON Health & Fitness. The region ended last quarter with strong net absorption of 2.8 million square feet, says Lee & Associates’ latest report.

In particular, demand for industrial space in the East submarket was resilient, leading to another 3.5 million square feet completed last quarter to accommodate large big-box distribution facilities. Another 63 buildings totaling 9.68 million square feet are currently under construction.

For comments, questions or concerns, please contact Lisa Brown

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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