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California  + Industrial  | 

Inland Empire Industrial Market Continues to Grow

Since 2000, the Inland Empire industrial market nearly doubled in size from 265 million square feet to 513.3 million square feet today. Yet, the lack of available space has driven vacancy rates lower and caused rents to rise.

The latest market statistics from Kidder Mathews show available space has decreased by 18.8% since 2015, though new space deliveries increased by 31 million square feet. Average asking rates are up 11% over the past year.

Net absorption in Q3 2016 grew 6.3 million square feet, marking the 16th straight quarter of positive absorption, reaching a total of 76.7 million square feet. So far this year, 16.2 million square feet was delivered, including 6.6 million feet in the latest quarter.

Kidder Mathews reports an increasingly robust market with prices trending upward, as vacancies remain at historically low levels.

For comments, questions or concerns, please contact Dennis Kaiser

Read More News Stories About: Kidder Mathews
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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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