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Inland Empire Market Reports

Inland Empire Office Market

Average Asking Rent (Price/SF/Mo) $1.74
Vacancy Rate (%) 8.9%
Net Absorption (SF) 117,469

Although vacancy is now sub-9.0%, rent growth has been generally sluggish this real estate cycle. To compound matters, land and construction costs have risen substantially in recent years, which makes justifying new development a tricky proposition for most areas of the market. As a result, speculative development has been limited over the last nine years-a trend that may change if rent growth retains its current momentum.

Inland Empire Industrial Market

Average Asking Rent (Price/SF/Mo) $0.60
Vacancy Rate (%) 4.2%
Net Absorption (SF) 7,038,719

With U.S. e-commerce spending projected to grow by 60.0% over the next five years, the Inland Empire is the perfect environment for more large-box fulfillment centers. This explains why Amazon invested $4.7 billion into the market from 2012 to 2016. What was just one fulfillment center in San Bernardino six years ago has grown to more than 10 facilities.

Inland Empire Office Market Report
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Inland Empire Industrial Market Report
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