Figures
Inland Empire Medical Outpatient Figures Q1 2026
April 30, 2026 5 Minute Read
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- Vacancy increased modestly by 10 basis-points (bps) from 5.2% in Q4 2025 to 5.3% this quarter, as available space went vacant.
- Healthcare employment declined by approximately 500 jobs this quarter, while posting a healthy annual growth of 9% year-over-year. Leasing volume improved, rising nearly 10% during the quarter, driven in part by a 5,000 sq. ft. lease in the City of Riverside.
- Net absorption weakened, shifting from 45,000 sq. ft. of positive absorption in Q4 2025 to negative 4,600 sq. ft. in Q1 2026, as new space entering the market outpaced leasing activity.
- Average asking lease rates continued to edge higher for the second consecutive quarter, increasing from $1.82 FSG in Q4 2025 to $1.84 FSG per sq. ft. per month, as higher-priced Class A space entered the market.
- Notably, investment activity surged for the second consecutive quarter, totaling $67 million in Q1 2026, more than double the $29 million recorded last quarter, and more than triple the $17 million reported in Q3 2025. The increase was driven by Riverside County’s $53 million acquisition of Jurupa Valley Medical Clinic and Corona Medical Arts Plaza, highlighting the continued role of the public sector in the market.