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Inland Empire Market Reports

Inland Empire Office Market

Average Asking Rent (Price/SF/Mo) $1.85
Vacancy Rate (%) 9.1%
Net Absorption (SF) 109,940

Affordable housing relative to Southern California's coastal communities historically benefits the Inland Empire's office market. More residents means more demand from office occupiers that supports its residential base, which includes government, banks, insurers and legal service firms. However, population growth is noticeably slower this real estate cycle (2009+), with annual growth averaging 1.0%, compared with 3.0% from last cycle (2003-2008), according to data from California's Department of Finance.

Inland Empire Industrial Market

Average Asking Rent (Price/SF/Mo) $0.66
Vacancy Rate (%) 3.0%
Net Absorption (SF) 7,675,681

Tenants with leases up for renewal may be in for sticker shock when they see today's rents. In order to get a sense of today's start-values, NKF Research compiled a list of warehouse lease comparables of 100,000 square feet and greater and then weighted the rents by transaction sizes and term lengths. Functional product (Class A and B) was included, while subleases were excluded.



Inland Empire Office Market Report
3Q19
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Inland Empire Industrial Market Report
3Q19
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