It's already one of the tightest submarkets in the region, and new owners feel putting in urban-style amenities will make it even more attractive younger workers.
Industrial demand and new construction are balanced in the Inland Empire with a 4% vacancy rate and steadily rising rental rates that are still a discount to coastal markets.
The company has occupied its current space totaling 7,015 square feet at 655 Third Ave. for the last five years, during which time its New York-based headcount has nearly doubled.
More than 1.4 million square feet of inventory has been converted to data centers since 2008 in the region. The pace of conversions has averaged 273,725 square feet since 2015, chipping away at nearly 2% of supply each