Inland Empire Retail Figures Q2 2025

— The Inland Empire (IE) retail market maintained an availability rate of 6.8% in Q2 2025, unchanged from the previous quarter, signaling stabilization after a volatile start to the year.

— Net absorption totaled 31,000 sq. ft in Q2 2025, reflecting a positive turnaround from the sharp decline of a revised 483,000 sq. ft of negative net absorption recorded in Q1 2025. The West End submarket led the charge, contributing over 400,000 sq. ft. of positive net absorption.

— Increased construction cost and market uncertainty continued to weigh on development activity as only 77,000 sq. ft. delivered in Q2 2025, compared to the revised 93,000 sq. ft. of space that delivered in Q1 2025.

— The overall asking rent rose to $1.77 NNN per. sq. ft in Q2 2025, up $0.05 from the previous quarter, as landlords regained pricing power in high-performing centers.

— The total retail investment sales in Q2 2025 amounted to $170.2 million, nearly doubling quarter-over-quarter. The renewed consumer confidence was fueled by steady population growth and rising consumer demand in the IE.