February 7, 2016
The growing trend of e-commerce is having a significant and direct impact on the Inland Empire’s large box demand, says JLL. Market fundamentals remained strong in the region, with leasing activity and occupancy gains.
Researchers found that of all the transactions (200,000 square feet or more) that took place in the Inland Empire between 2012 and 2015, the e-commerce sector accounted for 21.5 percent of new market activity.
Transactions reached nearly 41.5-million square feet, with positive net absorption of 20.8-million square feet. Additionally, the firm says there’s 3.7-million square feet of current pending e-commerce deals and strong tenant demand, which is expected to keep 2016 on pace for a record year.