With a passion for excellence and a commitment to meeting his clients’ unique goals, Tobias provides tailored real estate solutions backed by hard work and attention to detail. His expertise in developing, planning, and executing strategies ensures clients receive the highest level of service and the best possible outcomes.
BS in business administration with a concentration in real estate finance, Colorado State University in Fort Collins
Certificates in entrepreneurship and organizational leadership, Colorado State University in Fort Collins
Member of NAIOP, the Commercial Real Estate Development Association
San Gabriel Valley: Azusa, Baldwin Park, El Monte, City of Industry, Irwindale, La Puente, La Verne, Pomona, San Dimas, San Gabriel, South El Monte, Walnut & Hacienda Heights
Inland Empire West: Chino, Corona, Eastvale, Fontana, Jurupa Valley, Montclair, Ontario, Rancho Cucamonga & Upland
Inland Empire East: Banning, Beaumont, , Colton, Moreno Valley, Perris, Redlands, Rialto, Riverside & San Bernardino
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We saw a reduction in development in the San Gabriel Valley, with less than 1 million square feet of new construction deliveries. Despite this slowdown, the region remains active with 1.1 million square feet under construction. The San Gabriel Valley submarket recorded the most delivered space in the Greater Los Angeles area.
The vacancy rate in the San Gabriel Valley stands at 5.2%, a 300-basis point increase from Q2 2024. The market recorded a negative net absorption of 660k square feet. An increase of 300k SF from the previous quarter.
Lease rates in the San Gabriel Valley experienced a decrease, falling to $1.46 (NNN) PSF, a 3.5% decrease from Q1 2024. Year-over-year, this represents a reduction of 15% from Q2 2023. We will continue to see reductions until lease rates intersect with normal market growth patterns from 2019.
For archived reports, please contact Tobias.
We saw a reduction in development in the Inland Empire, with less than 3.1 million square feet of new construction deliveries. Despite this slowdown, the region remains active with 10 million square feet under construction, especially in the IE West, which is still experiencing significant development.
The vacancy rate for the Inland Empire stood at 7.8% in Q2. The market recorded a positive net absorption of 6.1 million square feet, year to date. The IE West absorbed the majority of space at 9.5 million square feet, while IE East negatively absorbed 3.3 million square feet.
Lease rates in the Inland Empire experienced a decrease, falling to $1.27 (NNN) PSF, a 9% decrease from Q1 2024. Year-over-year, this represents a reduction of 9% from Q2 2023. We will continue to see reductions until lease rates intersect with normal market growth patterns from 2019.
For archived reports, please contact Tobias.