The Inland Empire Hits Record Absorption Numbers in 2020

The Inland Empire industrial market continues to break records. A new report from JLL shows the market recorded an impressive 26 million square feet of absorption in 2020 with activity surging at the end of the year.

There is no doubt that e-commerce demand, driven by increased online shopping during the pandemic, drove the market activity, but JLL’s Mike McCrary says that the demand drivers are more nuanced that just a general increase in online shopping. “Corporations have had to redesign their network to accommodate the demand from consumers to get products delivered to their homes. We have seen a decade of growth in six months,” McCrary tells GlobeSt.com. “All of the sudden how we used to do business isn’t the same. There has been a very rapid adjustment to ensure delivery to the consumer. That has driven a lot of the growth.”