Inland Empire Industrial Market
The market recorded 4.2 MSF in net absorption losses this quarter — the worst quarterly showing on record. Three downsizing retailers (Under Armour, Home Depot, and Skechers) drove nearly 3.0 MSF of the total loss combined. Average weighted lease term lengths rose to 79 months in the first quarter — above the 21-year historical average of 69 months — as tenants locked in longer commitments while rents and landlord flexibility remained favorable. Class A leasing as a percentage of overall leasing volume increased this quarter, largely from two 1.0 MSF committals on planned space. Available sublease space fell to 16.2 MSF, down 2.6% from the prior quarter, as several large occupiers committed to big-box sublease offerings.
Download Inland Empire Industrial Market Report 1Q26