Inland Empire Retail Market Outlook 2Q 2017
In the second quarter of 2017, the Inland Empire retail market remained strong. The vacancy rate declined by 60 basis points over the year to 7.5%. This is one of the lowest vacancy rates seen in the region since 2008. The Inland Empire was hit particularly hard during the recession, with vacancies peaking at 9.8% in 2011. The average asking rent closed at $1.37/SF, steady over the prior quarter and up 5% over this time last year.