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Q3 2024 Inland Empire West Industrial Market Report

Ron Mgrublian
26 Nov
26Nov
  • The Inland Empire West submarket experienced a stall in net activity during Q3.
  • Subleases and renewals dominated top lease transactions.
  • Vacancy rates increased slightly, while availability trended downward.
  • Pricing remained steady, but tenant concessions (e.g., free rent, tenant improvements) have risen and are now widely expected.
  • Industrial construction slowed significantly, with the development pipeline at 43% of its year-over-year level.
  • Institutional interest in the market continues to grow despite reduced activity.
Q3 2024 IE West Industrial Market ReportPDF • 1581KB
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