• The Inland Empire retail market took a bit of a hit during Q2 2018. Vacancy increased by 40 basis points (bps) due to the closure of several Toys/Babies “R” Us locations and other big box sized tenants, leading to negative 290,100 sq. ft. of net absorption.
  • A total of 63,695 sq. ft. of new shopping center space was added during Q2 2018, with just under 900,000 sq. ft. of new construction still in the pipeline.
  • The Inland Empire’s average asking lease rate increased 1.5% quarter over quarter ending Q2 2018 at $2.03 per sq. ft. Compared with the same period last year, the average asking lease rate climbed by 6.3%.