Industrial Lease Rates, Vacancies Hit Historic Numbers

Connect Seattle   |   Lisa Brown

Posted In — News & Press | In the News

The Inland Empire remains one of the most sought-after markets for industrial space as vacancies reach a historical low, according to a third-quarter report from Kidder Mathews. Key market drivers include spiking lease rates as tenants from Los Angeles and Orange County seek opportunities across the metro. Direct asking lease rates concluded the third quarter at $0.85 per-square-foot, a new all-time high.

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