Inland Empire Industrial MarketView Insert Q4 2019
January 22, 2020
- Pre-leased completions totaled over 10.3 million sq. ft. year to date, and occupancy gains increased significantly. Demand for modern, state-of-the-art industrial facilities is expected to further kindle growth.
- The region’s first built-to-suit multi-story industrial warehouse was built in Beaumont for a top e-commerce player. The 640,000-sq.-ft. and four-story facility is expected to generate at least 1,000 jobs.
- Low vacancy in IEW propelled the market eastward, rendering the East an industrial honey. Supply in IEW remained low, given average vacancy has been 2.0% over the last 20 quarters.