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 an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Relocation Planning and Management, Strategic Planning, Workforce & Location Planning, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Consulting. With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and Canada. Through a partnership with Atisreal international real estate group, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries.