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2022 Q1 Inland Empire Industrial Research Report

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INDheroIE_Q122

Inland Empire Warehouse Rents Continue Unprecedented Growth

On the heels of the strongest year of market fundamentals in the Inland Empire’s existence, vacancy, average asking rents and development all reached new levels. Average asking rents continue their meteoric rise, jumping 18.7% or $0.20 PSF quarter over quarter. Vacancy in the region dipped another 20 basis points, closing out the quarter at 0.3%. It is safe to say that the Inland Empire is no longer a significantly discounted option compared to the infill Los Angeles markets, due to its 67% rental growth in a 12-month period. E-commerce and the Southern California ports continue to be the primary driver of growth throughout the region, and the Inland Empire has proven to be the most sought-after market in the United States. 

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2022 Q1 Inland Empire Industrial Research Report

Download Report