IE Business Daily Business news for the Inland Empire.
Available retail space in the Inland Empire crept up to seven percent during the fourth quarter of 2025, a slight increase from the third quarter caused by new supply and a decline in leasing, according to CBRE.
Net absorption fell to negative 11,000 square feet, from positive 138,000 square feet, a 50 percent drop caused by a market slowdown and a shift toward smaller deals, CBRE reported.
Development of retail space reached 106,000 square feet in the fourth quarter, compared to 363,000 square feet in the third quarter.
Average rents – $1.77 per square foot, including real estate tax, building insurance, and maintenance – were essentially unchanged between the third and fourth quarter.
Investment sales of retail properties rose more than 70 percent in the fourth quarter to $356.7 million That increase was fueled by several large transactions, including four deals of more than $30 million each, CBRE reported.
