Quarterly Reports Q4 - 2017 | Page 8

LOS ANGELES CO .

4 2017

Inland Empire

IE West
IE EAST
▲ ABSORPTION
▲
▼ VACANCY
▼
▼ AVAILABILITY
▲
N GABRIEL VALLEY
BALDWIN PARK
GLENDORA
210
210
UPLAND
30
RANCHO CUCAMONGA
INLAND EMPIRE MARKET
10
15
FONTANA
215
SAN BERNARDINO
30
10
296,787,546
B AS E ( SF )
218,745,567
2.68
VACA N CY ( % )
4.58
3.98
AVAILABILITY (%)
7.89
D COUNTIES
CITY OF INDUSTRY
DIAMOND BAR
POMONA
CHINO
57 71
60
CHINO / ONTARIO
CHINO AIRPORT
ONTARIO INT ' L AIRPORT
ONTARIO
MIRA LOMA
RIVERSIDE
215
60
5,689,575 GROSS ABSORPTION ( SF ) 3,878,581
BREA
SAN BERNARDINO COUNTY ORANGE COUNTY
91
WALK CORONA
215
FULLERTON 91
Vacancy Rates
Average Lease Rates
Q4-16 Q1-17 Q2-17 Q3-17
Q1-17 Q2-17 Q3-17 Q4-17
IE West 3.69 3.03 2.98 2.68 IE East 7.69 4.03 5.42 3.98
Q1-17 Q2-17 Q3-17 Q4-17
IE West 0.61 0.60 0.58 0.63 IE East 0.54 0.52 0.47 0.58
Inland Empire West
BASE
AVAILABILITY
VACANT
SF
SPACES
SF
RATE (%)
SF
RATE (%)
Chino / Chino Hills
46,878,244
889
1,963,008
4.1
725,985
1.78
Fontana
58,217,987
691
3,562,941
6.12
2,568,974
5.12
Mira Loma
3,687,527
178
90,344
2.45
689,857
2.88
Montclair
3,325,756
192
190,898
5.74
52,478
2.78
Ontario
105,874,587
1441
2,879,789
2.72
2,878,474
1.18
Rancho Cucamonga
38,129,874
698
1,761,600
4.62
1,589,527
3.45
Upland
4,289,756
253
277,976
6.48
287,458
6.89
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 .
VACANCY RATE • THE PERCENTAGE OF ALL UNOCCUPIED SPACE BEING MARKETED FOR SALE OR LEASE AT A PERIOD OF TIME IN A GIVEN AREA .
GROSS LEASE ( GRS ) • A LEASE AGREEMENT IN WHICH THE STATED RENT BEING PAID TO THE LANDLORD INCLUDES PROPERTY TAXES AND PROPERTY INSURANCE .
GROSS ABSORPTION • TOTAL NUMBER OF PROPERTIES LEASED OR SOLD FOR OCCUPANCY 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 .
BASE SF • SQUARE FOOTAGE OF EXISTING AND UNDER CONSTRUCTION INDUSTRIAL BUILDINGS .
LEE & ASSOCIATES • 2017 • 4TH QUARTER INDUSTRIAL MARKET REPORT