Second Quarter 2008 Inland Empire Office Report

Rental Rates Continue To Decline In The Inland Empire Office Market

Over the past 12 months, the Inland Empire office market inventory has expanded by 8.3%. Many of these projects were started 2-3 years ago during a period of high office demand in the Inland Empire. Since that time, the vacancy rate has risen from 11.5% to 16.1%, mainly due to the rapid increase in construction completions.

For Full Report: Click Here

GE Company leased 24,000 SF in Ontario and Citizens bank leased 3,900 SF in San Bernardino. We had 290,800 SF of people leaving and I wish I knew who was leaving and where they were going. If I was to guess, it seems that home mortgage, finance and real estate related firms are the usual culprits.