Industrial Vacancy in I.E. West Increases

ONTARIO, CA-GlobeSt.com recently exclusively reported that Lee & Associates‘ industrial report confirms a steadying market place as the Inland Empire continues to emerge from the recession. Report author, Kathee Wozniak, marketing and research director for Lee & Associates Ontario, drills down to further discuss the West and East submarkets.

Some notable Inland Empire deals were: National Pension Service of Korea (NPS) purchased 15 buildings in the Inland Empire, LBA purchased 14 buildings, Amazon leased another ±500,000 SF of the permit ready 871,920 SF in San Bernardino next door to their first fulfillment center, Jarden Consumer Solutions renewed 827,559 SF at Jurupa Business Park in Fontana for 64 months, Ross Dress for Less purchased a 698,559 SF building at Perris Logistics Center and Bentall Kennedy purchased two buildings in San Bernardino from KTR Capital. The Inland Empire’s average sale price per square foot was $73.62.