IE Business Daily Business news for the Inland Empire.
Medical office buildings in the Inland Empire enjoyed a solid fourth quarter last year.
That niche continued to outperform the region’s overall office market, as its vacancy rate decreased, leases increased and investments in medical office properties surged, according to CBRE.
Thirty-three hundred healthcare jobs were added in Riverside and San Bernardino counties during the last three months of 2025. By the end of the year, that number reached 14,400, fueling the demand for more medical office space.
Lease rates rose by five cents per square foot per month to $1.87. Both vacancy and availability decreased by 40 basis points, ending the year at 5.2 percent and 5.7 percent, respectively.
Net absorption went from negative 10,150 square feet in the third quarter to 44,900 positive square feet in the fourth quarter, the result of consistent leasing and fewer tenants leaving their properties, CBRE reported.
