The Inland Empire’s medical office sector recorded a strong first quarter, adding leased space and investments during that time, according to a report.
Leasing rose nearly 10 percent during the quarter, in part because of a 5,000-square- foot transaction in Riverside, according to CBRE.
However, net absorption went from positive 45,000 square feet in the last three months of 2025 to minus 4,600 square feet in the first quarter of 2026, as new space entering the market outperformed leasing.
The Inland region’s 5.3 percent vacancy rate was essentially unchanged quarter-over-quarter.
Lease rates rose for the second consecutive quarter, from $1.82 per square foot to to 1.84 per square foot, the result of higher-priced Class A space entering the market.
Investments rose for the second consecutive quarter, to $67 million, more than double the $29 million recorded at the end of 2025, according to CBRE.
IE Business Daily Business news for the Inland Empire.