IE Industrial Demand is Partly Due to Increased Storage Capacity
By: Lisa Brown
The Inland Empire industrial market exceeds 638.8 million square feet and since 2010, has posted annual gross absorption between 26.2 and 45.4 million square feet, according to Transwestern research. Gross absorption in 2020 reached 39.5 million square feet, which was slightly less than the 41.1 million square feet in 2019. This was due to decreased construction deliveries in 2020 in response to disruptions caused by COVID-19.
“The robust demand seen in the Inland Empire is driven in part by significant growth of e-commerce sales and increased storage capacity for safety reserves,” says John Privett, Southern California partner in Transwestern Development Company’s national logistics group.