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Annual taking rent per square foot of industrial big-box property in Inland Empire, California from 2009 to 2023 (in U.S. dollars)

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Source

Release date

July 2024

Region

North America, United States

Survey time period

2013 to 2023; as of H2 of each year

Citation formats

Annual taking rent per sf of big-box property in Inland Empire, CA 2009-2023

Published by ÌÇÐÄÆƽâ°æ Research Department, Oct 28, 2024

The annual taking rent per square foot of big-box building in Inland Empire, California saw two years of dramatic increase in 2021 and 2022, followed by a decline in 2023. From **** U.S. dollars in 2020, rents soared to U.S. dollars per square meter in 2022. In 2023, rents declined by about ** percent, reaching U.S. dollars per square meter. Despite the decline, that was significantly higher than the national average during the same period. Big-box buildings refers to large industrial buildings used for distribution. 

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