Figures

Inland Empire Office Figures Q3 2026

Asking lease rates rise for the fifth consecutive quarter in the Inland Empire Office market

October 9, 2026 5 Minute Read

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  • Net absorption improved significantly, narrowing from (140,000) sq. ft. in Q2 2026 to (35,000) sq. ft. in Q3 2026 as fewer large blocks of space were returned to the market.

 

  • Vacancy and availability edged up to 6.6% and 8.8%, respectively, as space continued to return to the market faster than it could be absorbed.

 

  • Leasing activity gained momentum this quarter, increasing 16% quarter-over-quarter to 154,000 sq. ft. across 50 transactions, with Class A assets capturing more than half of the market's leasing volume.

 

  • Asking lease rates increased for the fifth consecutive quarter, rising to $2.34 FSG, driven largely by continued growth in Class A pricing.