IE Business Daily Business news for the Inland Empire.
The Inland Empire’s industrial market ended the second quarter with a vacancy rate of 3.1 percent, having absorbed 4.6 million square feet of space during that three-month period, according to data released Wednesday.
In all, 13 million square feet of new industrial product was delivered in Riverside and San Bernardino counties during the first half of 2016, with another four million square available for sale or lease, AIR Commercial Real Estate Association/Xceligent reported in its second quarter report on the Southern California industrial market.
Amazon, Wayfair, QVC, Walmart, Georgia Pacific and Home Depot have all leased properties of one million square feet or more in the Inland Empire during the last year, said Matt Nelson, director of analytics for AIR Commercial/Xceligent, in the report.
