X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

With existing industrial warehouse space filled to capacity and rent hikes on triple-net leases expected to exceed 60 percent this year in Southern California’s Inland Empire, new warehouse development is expanding in the eastern half of the region, which spans Riverside and San Bernardino counties from the Los Angeles city limits to the Arizona border.

CBRE is projecting that industrial warehouse tenants who plan to renew five-year leases or move to another space in Inland Empire will be confronted with the third-largest rent increase in a US market this year, boosting Inland Empire’s current average of $6.75/square foot to $10.92/square foot. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.