Quarterly Report Q2 2024
Jones Industrial Team / April 3, 2026
New development continues to play a substantial factor in many key market fundamentals in the Inland Empire industrial market. These recent Class A builds are responsible for a considerable portion of the spikes in availability, vacancy, and therefore the minor compression of lease rates.
The construction boom and its effects on the market extends past just the last few quarters. Over 27% of all existing availabilities are products of the pandemic development surge, as these industrial buildings were all built in the past three years. Of the 2023 builds, which total nearly 27M square feet, 32% of that newly delivered product remains available and consequently vacant.
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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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