The industrial market in Southern California's Inland Empire rebounded in the second quarter, with overall positive absorption and increased activity countering falling rates and rising vacancy.

Positive net absorption in the two-county market, which stretches from the city limits of Los Angeles to the Arizona border, totaled 3.8M SF—a swing of nearly 5M SF from the negative Q1 total of minus 964K SF.

Vacancy rose 90 bps quarter-over-quarter to 6.8% in Q2 2024, driven primarily by 5.3M SF of vacant deliveries. Sublease space decreased to 16.9M SF from the Q1 level of 18.5M SF, according to a new market report from CBRE.

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

  • 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
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.