Inland Empire

The Yardi Matrix report found that the government sector, and the financial services and technology industries have seen the fewest layoffs thus far in the pandemic.

Tony Natsis of Allen Matkins says that proposed bill SB 939, up for committee vote tomorrow, is too broad in terms of protected tenant classes and restaurants are the tenants that need the most help.

Local Inland Empire GDP fell by .2% in the first quarter, ending a long period of business expansion for the Southern California submarket.

With stores like Neiman Marcus, JC Penney and Pier 1 struggling, there could be excess retail warehouse space later this year, particularly in the Inland Empire.

Despite the disruption striking at the end of the first quarter, the Inland Empire has not yet seen an impact from the pandemic.

This year, 5.3 million square feet in Los Angeles and nearly 26 million square feet of industrial product will come to market in the Inland Empire.

The spread between Inland Empire and Orange County industrial rents has narrowed to just $0.10.

Net lease investment volumes grew 105% last year in the Inland Empire, the second strongest gains in the country.