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Duke Realty Corp. has fully leased a 199,472-square-foot speculative industrial development in Ontario. Yaheetech signed a long-term lease agreement for the property, which is slated to deliver in early 2022.

The lease transaction represents an expansion of the West Coast distribution network for Yaheetech, a global e-commerce wholesaler. There is strong demand from users like Yaheetech for warehouse space, but there is limited inventory in the Inland Empire West. The market leads the nation for industrial rent growth over the last year. Research from Yardi Matrix shows the Inland Empire had rent grow of 7.1% in the second half of 2020 through the first half of 2021 Vacancies clocked in at 2% for the IE in May, and research from JLL released earlier this year shows that the market recorded an impressive 26 million square feet of absorption in 2020.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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