By Staff Reports
(Victor Valley)– After another blow-out year in 2017, activity and occupancy gains in the Inland Empire industrial real estate market showed no signs of slowing with demand at peak levels, according to CBRE. Momentum from the previous year resulted in gross activity soaring past 10.0 million square feet for the fourth consecutive quarter.
While big-box industrial deals dominated the headlines, light industrial activity accounted for 59.0% of the deal count–85 deals totaling over 4.2 million square feet in gross activity. The Inland Empire had more industrial real estate under construction than anywhere else in the United States, with more than 19.6 million square feet of space being built as of the first quarter of this year.