Inland Empire Office Market
| Average Asking Rent (Price/SF/Mo) | $1.91 |
| Vacancy Rate (%) | 11.2% |
| Net Absorption (SF) | 48,377 |
Total vacancy ticked down 20 basis points to 11.2%. Vacancy remains elevated compared to the five-year average of 10.4% but is expected to decline as office demand increases as part of an economic recovery.
Download Inland Empire Office Market Report 1Q21Inland Empire Industrial Market
| Average Asking Rent (Price/SF/Mo) | $0.73 |
| Vacancy Rate (%) | 2.4% |
| Net Absorption (SF) | 7,601,415 |
Historically, the eastern half of the market is where most tenants in Southern California consolidate or expand operations because of land availability. The tradeoff is higher transportation costs to and from the ports, where import volume is currently pronounced and congestion is severe. Drayage costs are on the rise, while the trucking industry is beyond constrained, sometimes leaving its customers in a bidding war to get products delivered.
Download Inland Empire Industrial Market Report 1Q21