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From an investment standpoint, Brutten said, it is a great income producer. “It is less volatile than office in terms of investment.

Kelly Reenders, economic development manager of County of San Bernardino, says industrial is really driving the Inland Empire market. The appetite, she says, is really in the bigger box facilities that are 500,000-square-foot-plus.

“We are also still seeing increased activity in the 100,000-square-foot to 500,000-square-foot facilities as well,” she says. Reenders adds out that Amazon—just one of the many tenants that leased big box spaces last year--plans on adding another 500,000 square feet in the near future.

“The demand far exceeds the product out there,” explains Brutten, founder and chairman of Westcore Realty. “We will see a continued trend of a 36-foot clear box with one to two levels of mezzanine with automated pickers. People are at their computers more and are spending more time ordering product, and retailers like Amazon understand. The supply-chain model is changing and the requirement for the box will change as well.”

Closing out the day-long RealShare event was the development and redevelopment opportunities panel, where moderator Andrew Kirsh, founding partner of Sklar Kirsh, summed up the market by saying that “Cap rates are on the decline, with pricing approaching, or in some asset classes and regions, exceeding the peaks of 2006 and 2007.” Somehow, he said, “we recently went from people lamenting that we were still in the early stages of the recession to those same people lamenting that there aren't any good deals because everything is so expensive.”