Q1 2022 Industrial Market Outlook – Inland Empire
The shortage of warehouse distribution space in the Inland Empire’s industrial market continued in the first quarter of 2022, as new development increased to keep pace with the economic growth and seemingly unending demand for more industrial space across the region from ecommerce. The soaring demand for warehouse distribution space is keeping developers active in the market, which has resulted in large industrial development projects in the Inland Empire. Industrial space under construction jumped 22.2 percent from the prior quarter, up 39.4 percent compared to last year to 32.2 million square feet.
