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Inland Empire Industrial Growth Is First In Nation

Los Angeles Daily News


The Inland Empire had more industrial real estate under construction than anywhere else in the United States, with more than 19.6 million square feet of space being built as of the first quarter of this year, according to brokerage CBRE.

The demand for distribution space is so strong that rising land and construction costs have yet to make developers worry about their bottom line, said Kurt Strasmann, CBRE’s executive managing director for Orange County and the Inland Empire Operations.

“Lease rates have appreciated more than costs,” he said. “Developers, they’re doing OK.”

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