inland empire industrial stats q 2 - 2016 west county ... · inland empire q2 industrial stats...

INLAND EMPIRE INDUSTRIAL STATS – Q 2 - 2016 WEST COUNTY INVESTMENTS COSTAR RESEARCH

Inland Empire Q2 Industrial Stats

• Existing Properties: 12,029

• Under Construction: 59

• Spaces for Lease: 1,003

• Existing RBA: 550,871,500 SF

• Vacant Space: 26,873,660 SF

• Vacancy Rate: 4.9%

• Q2 2016 Net Absorption: 5,755,070 SF

• Average Asking Rent: $0.52 Gross

Job Growth in Thousands Last 6 Months By Industry

Submarket Inventories

Job Growth Last 6 Months

Job Growth Last 6 Months

Rental Rates Are On The Rise.

Vacancy Rates

Construction Starts

FOR SALE

Price Per SF at Sale.

Selected Top Sales

Everyone wants to buy in the Inland Empire.

Cap Rates

Average Time on Market

SUMMARY I. Job growth has returned to the Inland Empire.

II. Ended Q2 2016 5.0% Vacancy

III.Southern California's Inland Empire assumed its

customary position as the top U.S. construction market

for industrial space with 10 million square feet added in

the second quarter, 1/3 of which was preleased

IV. New industrial under construction in Lake Elsinore and

proposed new product in Murrieta.