Inland Empire Leads US in Warehouse Industrial Leases

Kurt Strasmann is a executive managing director at CBRE.

The Inland Empire led the US in industrial warehouse leasing activity for another year. In 2018, tenants in the Inland Empire signed 20 of the top 100 industrial leases in the US, totaling 18.98 million square feet in industrial space, according to a report from CBRE. Warehouse leasing activity in the Inland Empire nearly doubled the number-two market, the Pennsylvania I-78/81 corridor. The Pennsylvania industrial market had 11 of the top deals, totaling 11.8 million square feet.

“The Inland Empire market is as active as any time that I can remember, and that is a really great sign. It really speaks to the emergence of e-commerce,” Kurt Strasmann, executive managing director at CBRE, tells GlobeSt.com. “There has been a tremendous amount of industrial building in the Inland Empire, and you have seen buildings slowing edging up from 500 square feet to 700 square feet and now to more than a 1 million square feet. There has been a tremendous amount of development in that size range.”