The Inland Empire could be considered Southern California’s backlot, with its vast warehouse complexes and staging areas.
Typically defined as the region east of Los Angeles and Orange Counties, and encompassing San Bernardino and Riverside Counties, this area of industrial development has been on a long march to recovery since the 2008 financial crisis.
Tens of millions of square feet of warehouse and logistics space have been built since 2011, and tens of millions more are on the way.
By almost 10 million square feet, it had the most industrial space under construction in the second quarter of this year in the nation, according to CoStar, a commercial real estate market research company.
Yet the region, which during the recession was a cautionary tale of overdevelopment and speculation,had the least amount of preleased space out of the top 20 markets in the first quarter of this year with 22.9 percent, and the second-least out of the top 10 in the second quarter with 32.5 percent, according to CoStar.