ONTARIO, CA—Vacancies are dropping and newconstruction soaring as logisticscompanies grow and e-retailers increase their appetites for largedistribution and warehousingcenters in the Inland Empire, ColliersInternational tells GlobeSt.com exclusively. Demand forindustrial space during the third quarter rose, withleasing activity remaining strong, the firmreports.

During the quarter, industrial sales andleasing activity in the Inland Empire totaled 7.6 million squarefeet spread among 80 leases, breaking down to 6.6 million squarefeet leased and 23 sales across 908,100 square feet, according tothe firm. Year-to-date sales and leasing activity was 25.2 millionsquare feet, which mirrors the activity seen a year ago during thefirst three quarters of 2013.

According to John Hollingsworth, executivemanaging director of Colliers International, “What thisdemonstrates is that there is continuing demand for the newer, moreefficient buildings. But the market fundamentals continue to besound.”