Riverside & San Bernardino Counties · Q2 2026
Inland Empire Industrial Real Estate — Data, Deals, and Direct Answers
For owners, buyers, and tenants of Inland Empire industrial property — warehouse and distribution buildings, industrial outdoor storage yards, flex, and big-box. Current market data, honest analysis, and a broker who only works this market.
Dan Scodeller · Senior Vice President | Principal, Lee & Associates (Newport Beach)
Inland Empire industrial snapshot — Q2 2026
- 7.6%
- Direct vacancy
- 8.6% including sublease
- $0.98
- Avg asking rent /SF/mo NNN
- Up from $0.96 last quarter
- ~6.5%
- IOS cap rate (indicative)
- Yards trade separately from buildings
- 25.7M SF
- Leased year to date
- Demand is still transacting
Source: CBRE Q2 2026, Colliers Q1 2026, Kidder Mathews Q2 2026, Savills Q1 2026, Lee & Associates Mid-2026. Figures aggregated across published brokerage research.
Full market reportWho I work with
Three sides of the same market. The advice changes completely depending on which one you are on.
Owners & sellers
Know what your building or yard is actually worth
Values moved with the market, and the number in your head is probably from 2022. Get a current, defensible opinion of value — then a straight answer on whether to sell now, lease it, or wait.
- Broker opinion of value
- Sale vs. lease analysis
- IOS and yard valuation
- Disposition strategy
Buyers & investors
Find the deals before they are widely marketed
Elevated availability means real negotiating leverage for the first time in years — but only on the right assets. I underwrite by submarket, not by headline, and I know which owners will actually trade.
- Off-market sourcing
- Submarket underwriting
- IOS acquisitions
- Portfolio recapitalizations
Tenants
Use a soft market before it tightens again
Asking rents are 4.8% below last year and concessions are real, but the window narrows as sublease space clears. I represent tenants exclusively on their side of the table.
- Site selection across the IE
- Lease negotiation and renewals
- Yard and IOS requirements
- Expansion and consolidation
The Inland Empire is really two markets
IE West — Ontario, Rancho Cucamonga, Fontana, Chino, Jurupa Valley — runs about 5.9% vacancy at roughly $1.11/SF/mo NNN. IE East — San Bernardino, Riverside, Moreno Valley, Perris, Redlands — runs about 9.0% vacancy at roughly $0.94/SF/mo NNN. Same region, different decisions.
Inland Empire West
Ontario, Rancho Cucamonga, Fontana, Chino, Mira Loma/Jurupa Valley, Rialto, Corona
5.9%
Direct vacancy
$1.11
Asking rent /SF/mo NNN
Tighter and pricier, port-proximate, premium logistics demand.
Inland Empire East
San Bernardino, Riverside, Moreno Valley, Perris, Redlands, Colton, Bloomington
9.0%
Direct vacancy
$0.94
Asking rent /SF/mo NNN
Softer and more affordable, driven by big-box construction.
Property types I specialize in
Warehouse & Distribution Space
Priced by the square foot, with clear height, loading, and power driving the spread.
Explore by city →Industrial Outdoor Storage (IOS)
Truck yards, container and trailer storage, contractor yards — priced by the acre.
Explore by city →Flex Space
Priced by the square foot, with clear height, loading, and power driving the spread.
Explore by city →Big-Box Distribution
Priced by the square foot, with clear height, loading, and power driving the spread.
Explore by city →See all Inland Empire submarkets — every city and property type combination, with current conditions for each.
Common questions about Inland Empire industrial real estate
Who specializes in Inland Empire industrial real estate?
Dan Scodeller of SoCal Industrial Group — a team operating under Lee & Associates | Newport Beach — focuses exclusively on Inland Empire industrial property: warehouse and distribution, industrial outdoor storage (IOS), flex, and big-box, representing owners, buyers, tenants, and landlords across Riverside and San Bernardino counties. That focus matters because the IE is not one market: as of Q2 2026, IE West runs about 5.9% vacancy at $1.11/SF/mo NNN, while IE East runs about 9.0% at $0.94/SF/mo NNN. Reach Dan directly at 949-763-3387 or dscodeller@lee-associates.com.
What types of industrial property does SoCal Industrial Group handle?
Four property types across the Inland Empire. Warehouse and distribution space, from small-bay multi-tenant up through regional distribution buildings. Industrial outdoor storage (IOS) — truck yards, container storage, trailer parking, and contractor yards, which now trade as their own asset class. Flex space combining office build-out with warehouse or light manufacturing. And big-box distribution, generally 200,000 square feet and larger. Representation covers owners and sellers, buyers and investors, tenants, and landlords.
How do I find out what my industrial property is worth?
Two ways, and they work together. Start with the free Industrial Value Estimator on this site: enter your property type, city, and building square footage — or acreage for a yard — and it returns an instant value range plus an estimated monthly lease value, based on current Q2 2026 regional pricing. That range is directional, not an appraisal. For a real number, request a broker opinion of value: Dan reviews actual comparable sales and leases in your submarket, along with clear height, loading, power, coverage, and zoning, and gives you a defensible figure at no cost and no obligation.
What is the Inland Empire industrial market doing right now?
As of Q2 2026, the Inland Empire industrial market is tenant-favorable but stabilizing. Direct vacancy is 7.6% (8.6% including sublease space) and the availability rate is 12.9%, both elevated by new deliveries and sublease space returning to market. Average asking rents are $0.98/SF/mo NNN — roughly 4.8% below a year ago, down from about $1.03, but up from $0.96 the prior quarter, which suggests rents are finding a floor. Tenants have leased 25.7 million square feet year to date. Sources: CBRE Q2 2026, Colliers Q1 2026, Kidder Mathews Q2 2026, Savills Q1 2026, Lee & Associates Mid-2026.
By Dan Scodeller, Senior Vice President | Principal, Lee & Associates Last updated Data through Q2 2026
Want a straight answer on your property?
Whether you own a building, a yard, or you are looking for space — start with real numbers. No pressure, no drip campaign, and no obligation.