Inland Empire Office MarketView Insert Q4 2019

January 30, 2020

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  • After hitting the $2.00 mark in Q3 2019 for the first time in 10 years, the average asking lease rate ended Q4 2019 at $2.05 per sq. ft, the highest figure since 2009.
  • A 146,785-sq.-ft. Class A office building in Corona officially broke ground and is expected to be completed in April 2020.
  • Government, medical, business services and insurance companies bolstered activity during Q4 2019. San Bernardino County Fire District led the way with a new 70,617-sq.-ft. lease at 1111 E Mill Street in San Bernardino.