Inland Empire Snapshot: For‑Lease
A new dashboard finds ~405 available properties (up 20 since February), 10.12M SF for lease in 10k–50k SF product, an average asking rate of $1.23/SF/mo (down $0.11), and average days on market at 272 (down 13.4 days) — with Riverside, Chino and Fontana leading listings. The post argues pricing is nearing cycle lows for small‑bay tenants. (x.com)
Colliers’ Q3 2025 research shows average asking rent in the Inland Empire had fallen $0.59 PSF (-36%) from its Q2 2023 peak, underscoring recent downward pressure on small-bay pricing. (colliers.com: ) Avison Young’s Q4 2025 market brief reports average asking rents compressing from a 2023 peak of $1.57/SF to about $1.03/SF, and notes landlords are increasingly offering lease concessions. (avisonyoung.us: ) CBRE’s Q1 2025 Inland Empire figures recorded positive absorption in the IE West and a “taking” rent near $1.18/SF per month in that submarket, while IE East carried higher vacancy—evidence of localized divergence across Riverside and San Bernardino counties. (cbre.com: ) Market inventories remain elevated: Avison Young reported roughly 18.4M SF of sublease supply and total availability near 13.1% in Q4 2025, signaling sustained tenant leverage for smaller-space negotiations. (avisonyoung.us: ) Multiple active listing platforms show concentrated small-bay stock in Riverside, Chino and Fontana—with IEWarehouses and Showcase both listing numerous sub-50k SF offerings across those cities this month. (iewarehouses.com: ) (showcase.com: ) Taken together—steep rent declines from 2023 peaks, large sublease pools, and pockets of positive absorption in IE West—third-party research firms frame current conditions as a tenant-favorable window that aligns with the dashboard’s argument that pricing for small-bay tenants is approaching cycle lows. (colliers.com: ) (avisonyoung.us: )
