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California  + Industrial  | 
Manhattan's construction starts are valued at $7 billion

Inland Empire Tops Nation in Warehouse Construction

The Inland Empire experienced nearly 25 million square feet of industrial construction last year to lead the nation, according to JLL. Warehouse and distribution facilities dominated space deliveries.

That’s the third straight year when construction exceeded 20 million square feet. JLL reports that nearly 22 million square feet of space is currently under construction, with 12.5 square feet of that in the Inland Empire East submarket.

  • All this new product has grown the industrial inventory by more than 20% percent during the past five years, primarily coming in the past three years.
  • Since 2010, asking rents have increased more than 50% percent, now sitting at $0.51/sf monthly. This marks and all-time high, as rents jumped nearly 16% in 2016.
  • Land costs continue to escalate, pushing up construction costs and the asking rents on new deliveries.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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