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Inland Empire Market Reports

Inland Empire Office Market

Average Asking Rent (Price/SF/Mo) $1.80
Vacancy Rate (%) 8.4%
Net Absorption (SF) 201,717

Rents are beginning to increase significantly, while vacancy is beginning to resemble pre-recession averages. As a result, construction activity is beginning to increase. One example is The Plant, a 60,000-square-foot speculative development in Downtown Riverside. This project is within walking distance to the Riverside County Courthouse, where there is a large presence of law firms.

Inland Empire Industrial Market

Average Asking Rent (Price/SF/Mo) $0.62
Vacancy Rate (%) 4.0%
Net Absorption (SF) 4,884,492

Historically, the eastern half of the market is where most tenants in Southern California consolidate or expand their operations because of land availability. The tradeoff is higher transportation costs to and from the ports. With import volumes at record highs, drayage costs have soared across the basin. The trucking industry is beyond constrained, sometimes leaving its customers in a bidding war to get their products delivered.

Inland Empire Office Market Report
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Inland Empire Industrial Market Report
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