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The industrial market is undeniably strong throughout Southern California, but while the costal markets are suffering from a severe supply shortage, land shortage and dramatically increasing rental rates—a problem only from the tenant perspective—the Inland Empire market is seeing a happy equilibrium between supply and demand, along with steadily rising rental rates that are still a discount to the coastal markets. We sat down with Frank Geraci, EVP and partner at Voit Real Estate Services who recently secured a $33 million lease of a 750,000 square-foot industrial warehouse in the five-building Shea Center Ontario business park in Ontario, California, to get an inside look at the leasing activity in the Inland Empire.

GlobeSt.com: In general, what has the industrial leasing activity in the IE been like this year and how does it compare to the same time in 2017?

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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