Inland Empire Office Market
| Average Asking Rent (Price/SF/Mo) | $2.00 |
| Vacancy Rate (%) | 11.0% |
| Net Absorption (SF) | 91,055 |
The Inland Empire has been largely insulated from many of the challenges caused by the pandemic in larger office markets, although other sectors in the region were hit particularly hard initially. Smaller office floorplates meant the market was not subject to spikes in vacancies or sublease availability tied to any large tenants. Demand for office space has been modest but consistent over the year, slowly chipping away at vacancy since it peaked at the end of 2020.
Download Inland Empire Office Market Report 4Q21Inland Empire Industrial Market
| Average Asking Rent (Price/SF/Mo) | $0.92 |
| Vacancy Rate (%) | .8% |
| Net Absorption (SF) | 5,133,294 |
Three factors are fueling record high demand for modern logistics space: 1) consumer spending; 2) e-commerce sales growth; and 3) adoption of just-in-case inventory models.
Download Inland Empire Industrial Market Report 4Q21