Retail Leasing and Sale Trends in the Inland Empire
Where are we in terms of leasing and sale statistics relative to the last 10 years?
Below are graphs of some key indicators related to leasing and sale trends on retail properties in the “Core Inland Empire” over the past 12 years. Cities in this survey are: Chino, Chino Hills, Claremont, Colton, Corona, Eastvale, Fontana, La Verne, Montclair, Norco, Ontario, Pomona, Rancho Cucamonga, Rialto, Riverside, and Upland.
While the leasing market, in terms of vacancy and asking rents, has not approached 2007 levels, the sale market data (sales volume and cap rates) have exceeded the peak years. As an investment sales broker, I’m particularly looking at cap rates, which have trended up in 2018 (see red circle below). Brokers and others in the industry are proceeding with caution to see how 2019 will shape up.
NNN Asking Rent Per SF
For Sale Total SF