Inland Empire Retail Figures Q4 2023

January 31, 2024 4 Minute Read

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- Average asking rates increased $0.03 per sq. ft. per month to $2.00 NNN in Q4 2023 from $1.97 NNN in Q3 2023.
- Retail Investment sales grew in Q4 2023 with $216.5 million transacted, an increase of $109.7 million over Q3 2023’s $106.9 million. 
- Retail sector saw negative net absorption in Q4 2023 with 18,000 sq. ft. becoming newly vacant.
- Vacancy rates remained the same quarter over quarter at 5.8% despite the negative net absorption. 
- Positive investor and occupier sentiment as forecasts for employment and population display growth.