Blog #ontario

• 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.

• Development pipeline down 57% year-over-year
• Vacancy rates up 48%
• Lease rates adjusted by 28%
• Tenant activity has resumed in the Inland Empire West industrial market
• Historic levels of positive net absorption in the submarket
• Multiple 1-million-square-foot lease transactions executed by credit tenants
• Nearly 5 million square feet of move-ins from big-box deliveries with prior year leases
• Inland Empire continues to attract institutional capital
• Class A 835,000 square foot building sold for nearly $200 million

The unique ±2.55-acre site in Unincorporated San Bernardino County between Pomona, Chino and Ontario, CA leased to a local truck body and van equipment company.

According to CoStar there is little industrial land available in the submarket, leading to less activity in this area than the larger markets to the East.

Ron Mgrublian is a Commercial Real Estate Broker focusing on Industrial Real Estate and Warehouse Properties with Lee & Associates in the Southern California area.

• Truck and Container Storage Possible

• ±1,500 SF Building• Fenced and Secured Yard

• Unincorporated San Bernardino County

• Close Proximity to 10, 71, and 60 Freeways

AVAILABLE: ±79,279 SF Land (±1.82 AC)

PRICE: $0.28 / SF Gross ($22,198.12 / Mo)

APN#: 1011-301-29-0000

TERM: 6 Months

ZONING: M1

• Fenced Yard

• 1,800 SF Building Included

• Services Available (Water & Power)

• Minutes Away From 10, 60, & 71 Freeways