Quarterly Report Q4 2024
Jones Industrial Team / April 3, 2026
2025 is emerging to be a pivotal year for the Inland Empire industrial market, characterized by record highs and lows across various key market fundamentals. Most prominently, although the availability rate has increased by just 16% year-over-year, the region is now experiencing its highest availability and vacancy rates since 2011. Nonetheless, both gross activity and net absorption have surged nearly 50% year-over-year, signaling the potential for a tightening of availability and vacancy rates, which could lead to a market shift as the market moves into the new year.
The amount of industrial product under construction is down 40% year-over-year and down 65% compared to 2022, securing a significant slowdown in new supply. Precisely, the development pipeline has reached its lowest levels since 2012 amidst ongoing volatility in key market fundamentals. Only one out of forty-eight projects under construction has been pre-leased, and nearly half of 2024’s new deliveries remain available and now sit 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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