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Inland Empire Market Reports

Inland Empire Office Market

Average Asking Rent (Price/SF/Mo) $1.88
Vacancy Rate (%) 8.8%
Net Absorption (SF) 139,745

Net absorption was positive for the seventh consecutive year, while the average asking rent was up 4.4% from 2018; rent growth has been noticeable and fairly consistent since 2017. Under-construction activity, meanwhile, comprised four projects spread out across Chino, Corona and Riverside, in which no pre-leasing activity has occurred.

Inland Empire Industrial Market

Average Asking Rent (Price/SF/Mo) $0.68
Vacancy Rate (%) 3.5%
Net Absorption (SF) 5,759,053

This report has already mentioned a few of the region's selling points, including a consumer population of 22.4 million located within a 2.5-hour drive time and dwindling land availability in the market's western half. The effects of e-commerce are other notable draws. This is a market where Amazon already operates 15 fulfillment centers with more than 500,000 square feet each and is currently making a push to achieve same-day delivery. Its competitors are adapting accordingly, which favors leasing demand for industrial space.



Inland Empire Office Market Report
4Q19
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Inland Empire Industrial Market Report
4Q19
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