Inland Empire Industrial Figures Q3 2021
July 16, 2021
The Inland Empire (IE) has reached its lowest vacancy in its history and finished Q3 2021 at 0.7%, a decrease of 70 basis points (bps) quarter-over-quarter.
The Inland Empire’saverage asking lease rate grew to $0.91per sq. ft. resulting in an increase of 51.7%year-over-year.
The IE vacancy rate hit 0.7% in Q3 2021, a new historic low for the market.
Year-to-date gross activity exceeded 39 million sq. ft., setting pace for a record-breaking year.