#
IE West
IE EAST
215
N GABRIEL
VALLEY
RANCHO
CUCAMONGA
ABSORPTION
30
UPLAND
GLENDORA
VAC A N CY
30
210
BALDWIN
PARK
AVA I L A B I L I T Y
SAN BERNARDINO
INLAND EMPIRE 15
MARKET
210
10
FONTANA
10
POMONA
292,587,243
BASE (SF)
ONTARIO
ONTARIO
INT'L AIRPORT
214,879,645
215
60
3.03 VAC A N CY ( % ) 5.64
4.03 AVA I L A B I L I T Y ( % ) 8.23
CITY OF
INDUSTRY
CHINO/
ONTARIO
CHINO
DIAMOND
BAR
MIRA
LOMA
RIVERSIDE
CHINO
AIRPORT
D COUNTIES
57
60
71
LOS ANGELES CO.
7,256,879
GROSS ABSORPTION (SF)
4,982,587
91
SA
N
BREA
BE
RN
OR
AR
AN
GE
DI
NO
CO
UN
TY
CO
UN
TY
CORONA
WALK
215
FULLERTON
91
Average Lease Rates
Va c a nc y Ra t e s
Q3-16
Q4-16 Q1-17
Q2-17
Q3-16 Q4-16
Q1-17
Q2-17
IE West 3.63 3.38 3.69 3.03 IE West 0.55 0.56 0.58 0.6
IE East 5.23 6.07 7.69 4.03 IE East 0.46 0.54 0.56 0.52
Inland Empire West
BASE
AVAILABILITY
VACANT
SF SPACES SF RATE (%) SF RATE (%)
Chino/Chino Hills 45,879,223 871 1,009,343 2.2 789,123 1.72
Fontana 55,875,982 691 3,481,074 6.23 3,408,435 6.1
Mira Loma 31,569,247 178 1,010,216 3.2 426,185 1.35
Montclair
3,325,756 192 247,769 7.45 173,937 5.23
Ontario 101,879,576 1396 3,973,303 3.9 3,311,086 3.25
Rancho Cucamonga 38,129,874 698 2,074,265 5.44 1,385,553 3.66
Upland 4,289,756 253 192,181 4.48 135,985 3.17
DATA FOR BUILDINGS 5,000 SF AND GREATER
AVAILABILITY RATE • THE PERCENTAGE OF ALL SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN
A GIVEN AREA. GROSS ABSORPTION • TOTAL NUMBER OF PROPERTIES LEASED OR SOLD FOR OCCUPANCY AT A PERIOD OF TIME IN A
GIVEN AREA.
VACANCY RATE • THE PERCENTAGE OF ALL UNOCCUPIED SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD
OF TIME IN A GIVEN AREA. TRIPLE NET LEASE (NNN) • A LEASE AGREEMENT WHEREBY THE TENANT IS OBLIGATED TO PAY FOR ALL THE OPERATING
EXPENSES, I.E. PROPERTY TAXES, PROPERTY INSURANCE, AND FACILITY MAINTENANCE.
GROSS LEASE (GRS) • A LEASE AGREEMENT IN WHICH THE STATED RENT BEING PAID TO THE LANDLORD INCLUDES
PROPERTY TAXES AND PROPERTY INSURANCE. BASE SF • SQUARE FOOTAGE OF EXISTING AND UNDER CONSTRUCTION INDUSTRIAL BUILDINGS.
LEE & ASSOCIATES • 2017 • 2ND QUARTER INDUSTRIAL MARKET REPORT