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|October 22, 2020|
Another reflection of IE's vibrant economy
INLAND EMPIRE – (INT) – First Quarter figures continued to show the region’s vibrant economy. CBRE researchers reported Tuesday occupancy gains and rental growth projections on par with the previous year.
The Inland Empire industrial market didn’t show any signs of deceleration. The impact of e-commerce further perpetuated a state of “industrial bliss,” CBRE said.
On the retail front, the departure of several beleaguered retailers has created a landscape of opportunities with vacancy rates dropping 10 basis points to 8.2 percent. Average asking lease rates rose dramatically from the previous quarter to $2.10 per square foot.
As for office space, the Inland Empire’s vacancy rate was 8.9 percent the First Quarter at $1.94 per square foot per month the average asking lease rate.
Story Date: May 1, 2019