INLAND EMPIRE INDUSTRIAL STATS – Q 2 - 2016 WEST COUNTY INVESTMENTS COSTAR RESEARCH
Inland Empire Q2 Industrial Stats
• Existing Properties: 12,029
• Under Construction: 59
• Spaces for Lease: 1,003
• Existing RBA: 550,871,500 SF
• Vacant Space: 26,873,660 SF
• Vacancy Rate: 4.9%
• Q2 2016 Net Absorption: 5,755,070 SF
• Average Asking Rent: $0.52 Gross
Job Growth in Thousands Last 6 Months By Industry
Submarket Inventories
Job Growth Last 6 Months
Job Growth Last 6 Months
Rental Rates Are On The Rise.
Vacancy Rates
Construction Starts
FOR SALE
Price Per SF at Sale.
Selected Top Sales
Everyone wants to buy in the Inland Empire.
Cap Rates
Average Time on Market
SUMMARY I. Job growth has returned to the Inland Empire.
II. Ended Q2 2016 5.0% Vacancy
III.Southern California's Inland Empire assumed its
customary position as the top U.S. construction market
for industrial space with 10 million square feet added in
the second quarter, 1/3 of which was preleased
IV. New industrial under construction in Lake Elsinore and
proposed new product in Murrieta.