The dropoff in demand for industrial space in the Inland Empire has left some landlords scrambling. Tenants in the I.E., the Western U.S.’ most active warehouse and logistics hub, have vacated 4 million square feet more than they moved into in the second quarter, according to CoStar. That marks one of the biggest quarterly occupancy losses of any industrial market in the country last quarter. As it stands, the I.E.’s industrial vacancy rate is at a 15-year high of 8.5 percent, according to CoStar, above the nationwide industrial vacancy rate of 7.5 last quarter. In response, landlords have begun offering […]
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