Q3 2024 Inland Empire West Industrial Market Report

26 Nov

26Nov

The Inland Empire West submarket experienced a stall in net activity during Q3.
Subleases and renewals dominated top lease transactions.
Vacancy rates increased slightly, while availability trended downward.
Pricing remained steady, but tenant concessions (e.g., free rent, tenant improvements) have risen and are now widely expected.
Industrial construction slowed significantly, with the development pipeline at 43% of its year-over-year level.
Institutional interest in the market continues to grow despite reduced activity.

Comments