Inland Empire Industrial Market: Falling Rents, 3PL Demand & 2027 Outlook
Inland Empire Industrial Update: Rent Reset, Space Givebacks, and Asian 3PL Demand
Live from the IAMC conference in Columbus, the Industrial Advisors podcast interviews Steve Bellitti about the Inland Empire industrial market's post-COVID reset. After rents surged about 100% in two years during COVID, the IE has seen four straight years of declining rents, down roughly 45–50% from peak, with higher vacancy and a tenant-favorable environment. Despite very limited new construction, availability remains elevated due to widespread "give backs" as companies shed excess space taken during COVID…
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