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CityWatch | Inland Empire
Thriving industrial real estate
Our research team analyzed more than 4,000 cities and identified the top 2% we believe are most attractive to people and businesses, today and in the future. California’s Inland Empire is one of those cities.
The area around Riverside, California, benefits from strong growth in its economy, population and retail sales. For real estate investors, perhaps the most attractive quality is the proximity to the two largest U.S. ports: Los Angeles and Long Beach. It also serves as a key e-commerce distribution hub in Southern California.
The lowest rate among the top 50 largest U.S. industrial markets.1
Rental rate growth
The lowest rate among the top 50 largest U.S. industrial markets.2
Consistently outpacing the national average3
17.7 million square feet.
Slower development supports higher rents for existing buildings.4
25.6 million square feet.
Fifth highest among all industrial markets.5
In this issue
1Data source: Costar, 30 Jun 2022.
2Data source: Costar. Growth over the last 12 months.
3Data source: National Council of Real Estate Investment Fiduciaries (NCREIF). Return over the last 12 months.
4Data source: Costar. Development over the last 12 months, down from a 5-year average of 23.7k sq. ft.
5Data source: Costar. Net absorption, which equals net of new leases and move outs, over the last 12 months.
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