(Save the date: RealShare Industrial 2012 comes to The Bankers Club, Miami, December 5 - 6.)
ONTARIO, CA-A “dynamic shift in the consideration process of occupiers” from a decade ago is driving the industrial market toward the eastern region of the Inland Empire, away from infill areas toward open spaces that can accommodate the large footprints of fulfillment and distribution centers, says Jones Lang LaSalle’s EVP Mike McCrary. He tells GlobeSt.com that areas including the Moreno Valley, San Bernardino, Redlands, Perris, Riverside and Colton are seeing large industrial growth as a result of manufacturers’ and retailers’ increased online sales and the need for state-of-the-art fulfillment centers to meet their resultant distribution needs.
“We’re seeing an increase in the desired square footage of the [industrial] tenants, and one of the components is that there’s available dirt and the opportunity to build a one-million-square-footer in the eastern part of the Inland Empire,” says McCrary. “The western part of the Inland Empire—where Ontario was the epicenter—is becoming landlocked and an infill market, but there is a tremendous amount of growth happening in the eastern part.”
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