Figures
Inland Empire Industrial Figures Q1 2026
Large move-outs weigh on the market, overshadowing strong leasing activity
April 10, 2026 5 Minute Read
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- Vacancy in the Inland Empire (IE) Core saw an 70 basis-points (bps) increase to 7.8% in Q1 2026, driven by significant move-outs in the 500,000 sq. ft. and above size range across both submarkets
- New Leasing activity was strong, with 13.6 million sq. ft. of new deals signed, a 40.2% increase from the 9.7 million sq. ft. leased in Q4 2025 and 15.3% above the 11.8 million sq. ft. leased in Q1 2025.
- Asking lease rates in the IE Core averaged $1.09 NNN per sq. ft. per month in Q1 2026.
- Taking lease rates in the IE Core rose $0.05, or 4.9% quarter-over-quarter to $1.08 NNN per sq. ft. per month.
- Unlike the previous quarter in which no new projects commenced, 854,000 sq. ft. of new development broke ground across the Inland Empire in Q1 2026.