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California  + Industrial  | 

Industrial Vacancies Drop Despite Deliveries

Despite record new deliveries, the Inland Empire vacancy remains at cyclical low, according to research from JLL. Some 21 million square feet of space has come to market so far this year, yet the Q3 2016 vacancy rate has dropped to just 4%.

Other key findings of JLL’s research reveal that:

  • The Inland Empire industrial market is on track to post its third consecutive year of positive net absorption in excess of 20 million square feet
  • Despite heavy construction volumes, demand continues to outpace supply, pushing vacancy rates into the low single digits
  • Vacancy rate dropped from 7.7% in 2011 and held steady at 5.2% and 5.3% respectively in 2014 and 2015
  • Deliveries jumped from less than 5 million square feet in 2011 to more than 20 million square feet in 2014 and 2015.

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Read More at JLL Research

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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