“Addressing the Inland Empire market, Ron Washle, Senior Managing Director of Newmark Grubb Knight Frank, reported that the submarket accounted for 8.5 percent of ALL industrial property absorbed for all of the U.S. in 2015. ‘Meanwhile, rental rates have gone up over 50 percent over the past few years, and nine transactions were completed for buildings over 950,000 square feet in the last year,’ he said”. Quoted from the AIRWaves Newsletter 2/4/16 regarding the 23rd Annual Market Review & Forecast presented by the AIR Commercial Real Estate Association.
Inland Empire – Industrial Absorption 2015 Impressive
by Editorial Team | Feb 4, 2016 | Uncategorized