Inland Empire Office MarketView Insert Q3 2020

October 28, 2020

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A 146,785-sq.-ft. Class A office building in Corona completed construction. Lakeshore Plaza is located on 1.9 acres within the Dos Lagos community.

Net absorption in the Inland Empire office market was negative for the second consecutive quarter, driven by move-outs and downsizes by tenants in the education and financial services industries. 

The average asking lease rate in the Inland Empire grew to $2.11 per sq. ft., an increase of 3.4% from Q2 2020.