ONTARIO, CA—The Inland Empire industrial market experienced robust growth throughout the first half of the year, says CBRE in a recent report.
Through the first six months of the year, the Inland Empire experienced more than 20 million square feet in gross absorption and more than 11 million square feet in net absorption, the firm says.
Tenant demand for product less than 500,000 square feet has continued to propel the market, and the continued surge in demand can be primarily attributed to tenants feeling more confident about leasing space in the region as, the economy continues on a solid footing the CBRE Marketview Q2 Inland Empire Industrial Market Report states:
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
