Inland Empire Industrial Keeps Heating Up

ONTARIO, CA—Vacancies are dropping and new construction soaring as logistics companies grow and e-retailers increase their appetites for large distribution and warehousing centers in the Inland Empire, Colliers International tells GlobeSt.com exclusively. Demand for industrial space during the third quarter rose, with leasing activity remaining strong, the firm reports.

During the quarter, industrial sales and leasing activity in the Inland Empire totaled 7.6 million square feet spread among 80 leases, breaking down to 6.6 million square feet leased and 23 sales across 908,100 square feet, according to the firm. Year-to-date sales and leasing activity was 25.2 million square feet, which mirrors the activity seen a year ago during the first three quarters of 2013.