Quarterly Report Q1 2025
Jones Industrial Team / April 3, 2026
As anticipated, the Inland Empire industrial market has begun its transition back to more normalized conditions, largely influenced by broader economic trends. Despite this shift, institutional and credit-grade tenant interest remains strong. Major companies such as Home Depot, Constellation Brands, Michelin Tire, Nordstrom, and Pepsi continue to secure substantial space, reaffirming the Inland Empire’s position as one of the leading industrial markets in the nation.
The year kicked off with robust big-box activity, with the number of transactions involving 100,000 square feet or more holding steady at nearly 30—on par with the previous quarter. Notably, gross absorption remained consistent with recent months, and the market saw an uptick in top-tier deals. In fact, Q1 recorded more leases over 500,000 square feet than the previous quarter, with the top three transactions each exceeding that threshold.
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Established in 1987, Lee & Associates – Ontario has been the highest producing and grossing Lee & Associates office in the country for the last 10 years consecutively, as well as one of the highest grossing commercial real estate firms in the country annually. Since its inception, the Jones Industrial Team has consistently ranked among the top producing teams, contributing to the overall success and reputation of the firm.
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