As the distribution “hub” for the Western US, with over 400 million square feet of industrial space, the market is still relatively strong with a current vacancy rate of under 7%. Rents in the Western portion, Ontario/Airport areas, continue to increase but at a slower rate (approximately 2% vs. 4%). The average rate for the area is $4.80 per square foot/year, NNN. Most of new construction continues to be in the Eastern (San Bernardino) portion of the market, with rates at approximately $4.10 per square foot/year, NNN. Construction continues to lag behind absorption with larger buildings, in excess of 500,000 square feet, being the preferred product by developers.

The office market continues to be overbuilt with a vacancy rate that is climbing above 17%. The average rate for office space is $24.00 per square foot/year, FSG. Absorption is weak and landlords are beginning to offer greater concessions. There will be over 3 years worth of office space available in the Inland Empire. Most of the space is being built in Ontario/Airport areas and Riverside.


CresaPartners is a leading international corporate real estate advisory firm that specializes in tenant representation. We provide integrated services—including strategic planning, project management, portfolio management, and capital market expertise—through more than 125 offices in 35 countries, including 47 locations in North America. By exclusively representing tenants, we avoid conflicts of interest and ensure accountability. As a result, we have received the distinguished Site Selection/William Dorsey Service Provider Award for the last five years.