Tenants, Buyers and Investors Compete for Limited Industrial Opportunities

Industrial activity is still very strong despite rising lease rates and sale prices, with many tenants, buyers and investors competing for available opportunities, according to Lee & Associates’ second quarter 2021 industrial market report for the Inland Empire’s East Valley market. This demand continues despite continuing inflationary pressures.

In fact, many are willing to buy industrial buildings 10 to 20 miles outside a desired geographical region if said buildings are even to be had. Experts forecast this growth will continue throughout the balance of the year.

However, the recurring challenge will be the lack of available industrial product. Despite numerous new developments underway, it is unlikely these new buildings will meet the expanding demands of companies throughout the Inland Empire, says the report.