909.210.3175
INLAND EMPIRE COMMERCIAL REAL ESTATE
Table of Contents:
Inland Empire Map
MAJOR RE/MAX COMMERCIAL COVERAGE AREAS IN THE INLAND EMPIRE
What is the Inland Empire?
The Inland Empire is a metropolitan area or "metro" region south east of Los Angles in Southern California and is considered the major distribution hub for the Western United States.
A metropolitan area is defined for census tracking purposes an area that contains a core area with a high concentration of businesses and dense population.
San Bernardino and Riverside Counties are huge areas, both counties contain over 27,000 square miles and have a population of over four and a half million.
The Inland Empire or "I.E." has experienced rapid growth especially in the construction of mega Industrial Warehouse Space.
This growth has been fueled by increasing imports entering into California from the ports of Los Angles and Long Beach, the explosion of e-commerce and the demand for large fulfillment and distribution centers.
The Inland Empire is one of the fastest growing and most affordable areas in Southern California and one of the very top markets in the United States.
The area is also the distribution hub for the Western United States. The center of the Inland Empire's major metro area is identified by Ontario International Airport, and has over 2 Billion Square feet of industrial warehouse space within a 50 mile radius of it's location.
It is centrally located and about 45 miles to the major Southern California Ports, the City of Los Angeles, Orange County and about an hour's drive to the major Mountain and Desert Resort areas.
What are Major Economic Developments in the Inland Empire?
Major Projects Shaping the Future of the IE:
Brightline’s high speed rail service from Rancho Cucamonga to Las Vegas funded by a 3-billion-dollar federal government grant will be a privately owned and operated high-speed rail service, expected to remove 3 million vehicle trips between Las Vegas and Southern California each year.
The Fontana Auto Club Speedway area is being developed into a logistics hub, with plans for over 6M square feet of industrial space.
The World Logistics Center in Moreno Valley, a large-scale logistics and industrial complex, is breaking ground. It is expected to include solar power and electric vehicle charging stations.
The Mark, a mixed-use project in downtown Riverside, includes residential and commercial space, indicating a trend toward more urban development in the region.
Economic Expansion:
The Inland Empire's economy has more than recovered from the pandemic, adding over 316,000 jobs since April 2020, outpacing both the state and national levels.
The labor force in the region has grown, contrasting with declines in other parts of California. Consumer spending has surged, with taxable sales receipts jumping 9.5% year over year.
Housing Market and Real Estate:
The Inland Empire has seen significant growth in its housing market, with median home prices rising and a strong demand for apartments.
Warehouse and distribution space demand has surged due to e-commerce trends, leading to a decrease in vacancy rates and an increase in rental costs.
Ontario International Airport Developments:
New Global Entry Enrollment Center opened at Ontario International Airport, indicating growth in global travel. Passenger traffic has been increasing steadily, with records being set in recent months.
Other Inland Empire Economic Indicators:
The region has seen wage growth and business spending increases, with a particular boost in spending at fuel and service stations.
Trade through local ports has seen a decrease, but freight activity through Ontario International Airport has increased.
These developments reflect the Inland Empire's dynamic and growing role in California's overall economic landscape, with significant expansion in logistics, real estate, and infrastructure, along with a strong recovery and growth in the labor market.
What are the Major Cities in the Inland Empire ?
Major Cities in Southwestern Bernardino County
-
Ontario
-
Rialto
-
Eastvale
-
Jurupa Valley
-
Rancho Cucamonga
-
Fontana
Major Cities in Eastern Riverside County
-
Palm Springs
-
Cathedral City
-
Palm Desert
-
Greater Coachella Valley
Cities in Western Riverside County
-
Riverside
-
Corona
-
Moreno Valley
-
Temecula
-
Murrieta
-
Perris
-
Lake Elsinore
-
Hemet
-
San Jacinto
Major cities in and around Eastern Los Angeles County
Cities centered in the Pomona Valley
-
Pomona
-
Claremont
-
Upland
-
La Verne
-
Diamond Bar
-
Chino
-
Montclair
San Bernardino County Map - Inland Empire
Major Cities included in San Bernardino County Include Ontario, Rancho Cucamonga, Fontana, Victorville, San Bernardino, Chino, Colton, Bloomington and Redlands. Explore Surrounding Area in Google Maps
Major City Zip Codes in San Bernardino County
Ontario, CA ZIP Codes:
91758, 91761, 91762, 91764
Rancho Cucamonga, CA ZIP Codes:
91701, 91729, 91730, 91737, 91739
Fontana, CA ZIP Codes:
92331, 92334, 92335, 92336, 92337
Victorville, CA ZIP Codes:
92392, 92393, 92394, 92395
San Bernardino, CA ZIP Codes:
92401, 92402, 92403, 92404, 92405, 92407, 92408, 92410, 92411, 92412, 92415, 92418, 92423, 92427
Chino, CA ZIP Codes:
91708, 91710
Colton, CA ZIP Codes:
92313, 92324
Bloomington, CA ZIP Code:
92316
Redlands, CA ZIP Codes:
92373, 92374, 92375
Riverside County Map - Inland Empire
Major Cites in Riverside County Include Riverside, Corona, Hemet, Moreno Valley, Lake Elsinore, Calimesa, Palm Springs and the Greater Coachella Valley. Explore Surrounding Area in Google Maps
Major City Zip Codes in Riverside County
Riverside, CA ZIP Codes:
92501, 92503, 92504, 92505, 92506, 92507, 92508, 92509
Corona, CA ZIP Codes:
92877, 92878, 92879, 92880, 92881, 92882, 92883
Hemet, CA ZIP Codes:
92543, 92544, 92545, 92546
Moreno Valley, CA ZIP Codes:
92551, 92552, 92553, 92555, 92557
Lake Elsinore, CA ZIP Codes:
92530, 92531, 92532
Calimesa, CA ZIP Code:
92320
Palm Springs, CA ZIP Codes:
92262, 92263, 92264
Greater Coachella Valley ZIP Codes:
Coachella:
92236
Indio:
92201, 92203
La Quinta:
92247, 92248, 92253
Palm Desert:
92211, 92255, 92260, 92261
Rancho Mirage:
92270
Current Inland Empire Commercial Real Estate Lease Rates and Sales Prices
Listed below are the average asking Lease Rates for the Airport Submarket for the Inland Empire. Free comprehensive reports for all Inland coverage areas are available for our clients.
This area includes the entire Inland Empire including the key area of Southwest Inland Area known as the Airport Region which Includes the Ontario International Airport and including areas of Rancho Cucamonga, Fontana, Upland and Ontario California. These areas tend to be on the high end of the average.
Keep in mind these are broad averages, data will vary based on property condition and Property Specifics.
Property Type | Lease Rates | Vacancy Rate / Trends |
|---|---|---|
INDUSTRIAL | $1.25 PSF / Mo | 6.3% (Up Trend) |
OFFICE | $ 2.40 PSF / Mo | 7.7% ( Up Trend) |
RETAIL | $2.35 PSF / Mo | 3.5% ( Flat Trend ) |
MULTI-FAMILY (AVG 2 BR) | $2,200 / Unit / Mo | 8% (Up Trend) |
LAND | Contact Us |
This data was updated Q-1 2024 and is subject to change at any time, it was obtained from sources believed to be reliable but is not guaranteed and is for information purposes only. Prices vary widely and are affected by excess land, structure, income a property produces and many more factors.
Inland Empire Commercial Real Estate Asking Sales Prices
Listed below are the average asking sale prices for the Airport Submarket in the Inland Empire.
Free comprehensive reports for all coverage areas are available for our clients.
This area includes the entire Inland Empire including the key area of Southwest Inland Area known as the Airport Region which Includes the Ontario International Airport and including areas of Rancho Cucamonga, Fontana, Upland and Ontario California. These areas tend to be on the high end of the average.
Keep in mind these are broad averages, data will vary based on property condition and Specific location.
Property Type | Price Range / Valuation |
|---|---|
INDUSTRIAL - Owner User | $355 PSF |
OFFICE - Owner User | $289 PSF Non-Medical Use |
RETAIL - Owner User | $340 PSF |
MULTI-FAMILY PER UNIT | $328K Avg / Per Unit |
- | |
INDUSTRIAL - Investment | 4.70% Cap Rate - ( Up Trend) |
OFFICE - Investment | 8.0% CAP Rate - (Up Trend) |
RETAIL - Investment | 5.6% CAP Rate - (Flat Trend) |
MULTIFAMILY | 5.5% CAP Rate - (Flat Trend) |
- | |
LAND | Contact Us |
This data was updated Q-1 2024 and is subject to change at any time, it was obtained from sources believed to be reliable but is not guaranteed and is for information purposes only. Prices vary widely and are affected by excess land, structure, income a property produces and many more factors.