{"id":1004767523,"date":"2025-08-24T23:32:02","date_gmt":"2025-08-25T07:32:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004767523"},"modified":"2026-02-12T07:24:48","modified_gmt":"2026-02-12T15:24:48","slug":"inland-empires-industrial-pipeline-slows-investment-stays-strong","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/inland-empires-industrial-pipeline-slows-investment-stays-strong\/","title":{"rendered":"Inland Empire\u2019s Industrial Pipeline Slows, Investment Stays Strong"},"content":{"rendered":"\n

<\/p>\n\n\n

\n
\"Aerial<\/a>
One of the largest leases signed in the metro totals 844,311 square feet of Class A space at 5690 Industrial Parkway in San Bernardino, Calif. The property is AIB certified and has a food-grade warehouse, refrigerated storage and HVAC-controlled. Image courtesy of CBRE.<\/em> <\/figcaption><\/figure><\/div>\n\n\n

The Inland Empire\u2019s industrial market saw a notable slowdown in development activity through June, with just under 5.8 million square feet underway\u2014less than half the volume recorded during the same period last year. Deliveries also declined sharply, totaling 5.9 million square feet across 15 properties, compared to 14 million square feet delivered in the first half of 2024.<\/p>\n\n\n\n

Despite the drop in construction and completions, investor interest remained strong. The metro recorded more than $669 million in industrial sales year-to-date, with pricing among the highest nationally. Leasing activity also helped stabilize fundamentals, keeping the vacancy rate below the U.S. average.<\/p>\n\n\n\n

Development activity slows, but projects advance<\/h2>\n\n\n\n

The Inland Empire\u2019s industrial pipeline had almost 5.8 million square feet under construction year-to-date through June, according to Yardi Research Data. The metro\u2019s 17 under-construction projects accounted for 0.9 percent of the total inventory, much lower than the 1.6 percent U.S. index. <\/p>\n\n\n\n

Among peer markets, Phoenix remained in the spotlight (16.8 million square feet), followed by Atlanta (10.8 million square feet) and Chicago (9 million square feet).<\/p>\n\n\n

\n
\"Rendering<\/a>
The Perris Gateway warehouse will feature 124 dock-high doors and four drive-in doors. Image courtesy of DECA Cos.<\/em><\/figcaption><\/figure><\/div>\n\n\n

By the end of June, nearly 1.2 million square feet of industrial space had broken ground across 8 properties in the metro\u2014representing 0.2 percent of the total inventory.<\/p>\n\n\n\n

IDI Logistics is advancing its development at Perris Logistics Center North, a 2 million-square-foot industrial park in Perris, Calif. The company broke ground on the second building\u2014a 1 million-square-foot facility\u2014in April 2024, with completion slated for the second quarter of 2025.<\/p>\n\n\n\n

Perris Gateway\u2014an 850,000-square-foot industrial facility also located in the Californian city\u2014is currently under construction and expected to be available for lease late this year. In support of the project, the joint venture of Wildcat Capital Management and DECA Cos. secured $135 million<\/a> to finance both construction and lease-up efforts.<\/p>\n\n\n\n

New supply shrinks sharply year-over-year <\/h2>\n\n\n\n

More than 5.9 million square feet of industrial space was under construction in the metro as of June. Overall, 15 properties came online, accounting for 0.9 percent of existing stock, slightly higher than the 0.8 percent national average.<\/p>\n\n\n\n

This represents a huge difference from the 14 million square feet delivered in the same period last year, when 50 properties came online.<\/p>\n\n\n

\n
\"Southern<\/a>
Stirling Capital Investments is the developer behind Southern California Logistics Center. Image courtesy of the City of Victorville<\/em><\/figcaption><\/figure><\/div>\n\n\n

Among peer markets, Phoenix (11.2 million square feet) and Kansas City (10.6 million square feet) remained in the lead, while other metros such as Atlanta (3 million square feet), New Jersey (2.9 million square feet) and Indianapolis (752,500 square feet) were at the other side of the spectrum.<\/p>\n\n\n\n

Prologis has recently delivered Building 45, a 1.3-million-square-foot facility in Victorville, Calif. The property is located at 19100 Gateway Drive inside of Southern California Logistics Center<\/a>, a sprawling industrial complex located on the former George Air Force Base.<\/p>\n\n\n\n

High prices endure as fewer trades are inked<\/h2>\n\n\n\n

The Inland Empire\u2019s industrial investment volume has recorded more than $669 million year-to-date through June, with almost 2.7 million square feet of industrial space sold across 20 facilities.<\/p>\n\n\n

\n
\"Distribution<\/a>
Distribution facility at 14019 Rose Ave. in Fontana, Calif. Image courtesy of Bridge Logistics<\/em><\/figcaption><\/figure><\/div>\n\n\n

The sale price reached $247.68 per square foot, making the Inland Empire one of the priciest metros in the nation. New Jersey ($245.26 per square foot), Phoenix ($186.30 per square foot) and Atlanta ($151.71 per square foot) also recorded solid price averages, while Chicago ($96.09 per square foot) and Kansas City ($53.42 per square foot) trailed behind.<\/p>\n\n\n\n

Bridge Logistics Properties has recently acquired a three-building industrial portfolio<\/a> in Fontana, Calif., for $83.5 million. The portfolio includes three fully leased distribution facilities\u201414074 Rancho Court (100,039 square feet), 14019 Rose Ave. (57,654 square feet) and 14928 Washington Drive (175,100 square feet)\u2014all delivered in 2023 and offering a weighted average lease term of more than two years.<\/p>\n\n\n\n

Vacancy rate holds below national average<\/h2>\n\n\n\n

The Inland Empire\u2019s industrial vacancy rate at the end of June was 8.0 percent, coming in 100 basis points lower than the U.S. average rate.<\/p>\n\n\n

\n
\"Distribution<\/a>
CTK USA has leased more than 250,000 square feet at Crow Holdings\u2019 3100 Hamner Ave. development in Ontario, Calif. Image courtesy of Newmark<\/em><\/figcaption><\/figure><\/div>\n\n\n

Back in May, CTK USA\u2014the American subsidiary of Korea-based logistics and fulfillment provider CTK\u2014signed a long-term lease for 250,369 square feet of industrial space<\/a> in Ontario, Calif. The deal was facilitated by Newmark, which represented the tenant. The lease was signed with Crow Holdings Development.<\/p>\n\n\n\n

iDC Logistics has grown its presence in the Inland Empire through two separate lease agreements<\/a> totaling over 1.1 million square feet. The largest of the two covers 844,311 square feet of Class A industrial space at 5690 Industrial Parkway in San Bernardino, Calif.\u2014marking the region\u2019s second-largest industrial lease of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"

Leasing and sales activity continue to drive momentum, according to Yardi Research Data.<\/p>\n","protected":false},"author":3014,"featured_media":1004767216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,34027,21783,52420,15],"tags":[51047],"class_list":["post-1004767523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-inland-empire","category-investment","category-market-updates","category-west","tag-marketupdate"],"acf":[],"yoast_head":"\nInland Empire\u2019s Industrial Pipeline Slows, Investment Stays Strong - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The Inland Empire\u2019s industrial market saw a notable slowdown in development activity through June, according to Yardi Research data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/inland-empires-industrial-pipeline-slows-investment-stays-strong\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Inland Empire\u2019s Industrial Pipeline Slows, Investment Stays Strong\" \/>\n<meta property=\"og:description\" content=\"The Inland Empire\u2019s industrial market saw a notable slowdown in development activity through June, according to Yardi Research data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/inland-empires-industrial-pipeline-slows-investment-stays-strong\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-25T07:32:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-12T15:24:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/iDC-San-Bernardino.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/inland-empires-industrial-pipeline-slows-investment-stays-strong\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/inland-empires-industrial-pipeline-slows-investment-stays-strong\/\",\"name\":\"Inland Empire\u2019s Industrial Pipeline Slows, Investment Stays Strong - 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