Second Quarter 2026
Office Market Outlook
Inland Empire
State Compensation Insurance Fund sold this 109,947-square-foot office building to Altura Credit Union for $26.05 million ($237 per square foot).
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Leasing volume fell sharply, down 32.8% QoQ and 34.7% YoY, while under construction space held roughly flat QoQ but remained down 2.3% YoY, reflecting a broad contraction in leasing activity. Asking rent rose 3.0% QoQ and 4.3% YoY, suggesting pricing resilience despite softening demand.
SALES TRENDS
Sales volume rose 71.1% QoQ and 61.2% YoY, while average sale price per square foot slipped 3.1% QoQ and 0.9% YoY, suggesting strong transaction activity even as pricing held roughly steady.
