IE Business Daily Business news for the Inland Empire.
Available retail space in the Inland Empire fell 10 basis points to 6.9 percent during the first quarter of this year, according to a recent report.
That quarter-over-quarter decline can be attributed to leasing outperforming the large-format space that came online, as well as a tightening of overall market conditions, CBRE reported.
Four hundred and eighteen thousand square feet of positive absorption was recorded during the first quarter, a massive improvement from the negative 46,000 square feet posted during the last three months of 2025.
Construction deliveries in the first quarter totaled 185,000 square feet, nearly twice as much as the 93,000 square feet completed in the fourth quarter of 2025.
Average rents were unchanged at $1.71 per square foot, and investment sales climbed to $736.9 million, up from $525.6 million in the fourth quarter of 2025. The sale of Victoria Gardens in Rancho Cucamonga for $530.9 million to private investors was responsible for most of that increase, according to CBRE.
