Inland Empire Office MarketView Insert Q2 2021

Year-to-date net absorption totaled negative 46,129 sq. ft., compared with positive net absorption of 97,598 sq. ft. one year ago.

The overall average asking lease rate decreased by $0.06 to $1.93 per sq. ft. per month from last quarter and was down 5% year over year.

Overall vacancy remained unchanged at 10.5% and was lower than Los Angeles’ 17.4% and Orange County’s 13.0% vacancy rate.