Third Quarter 2026
Retail Market Outlook
Inland Empire
CDP America acquired a 198,955-SF former department store on 14.44 acres from Seritage Growth Properties for $3,038,500, or $15.27/SF. Vacant since 2019, the property’s sale price reflected its entitled redevelopment value.
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 rose 49.0% QoQ and 11.6% YoY, while under construction space edged up 3.5% QoQ but remained down 28.0% YoY. Asking rent rose 0.6% QoQ but slipped 1.7% YoY, suggesting modest annual pricing pressure despite the strong leasing rebound.
SALES TRENDS
Sales volume rose 83.8% QoQ and 152.5% YoY, while average sale price per square foot fell 15.8% QoQ down 22.1% YoY, indicating stronger transaction activity alongside lower pricing trends.
