Small‑industrial availability and pricing snapshot
Markets for 10k–50k‑square‑foot industrial properties in Chino, Corona, Riverside and Ontario currently show 33 listings totaling about 0.72 million square feet, with average list prices near $314 per square foot and days on market around 308. The data were shared on market channels as evidence that smaller‑format availability is stabilizing but not yet driving large price corrections. (x.com)
A fresh snapshot of small industrial buildings in Chino, Corona, Riverside and Ontario shows more space on the market, but sellers still are not cutting prices hard. (x.com) The count circulating on market channels this month shows 33 sale listings in the 10,000-to-50,000-square-foot range, totaling about 720,000 square feet. The average asking price works out to roughly $314 per square foot, and the average listing has sat for about 308 days. (x.com) That is a narrow slice of the Inland Empire industrial market: older, smaller “shallow-bay” buildings that are usually used by local distributors, contractors, light manufacturers and owner-users rather than national warehouse tenants. CBRE defines shallow-bay industrial as buildings under 50,000 square feet. (cbre.com) Brokerage reports show the broader Inland Empire market is much softer than it was during the 2021 through 2023 run-up. CBRE said vacancy in the Inland Empire core reached 7.8% in the first quarter of 2026, while Kidder Mathews put direct vacancy at 7.7% and availability at 12.7%. (cbre.com) (kidder.com) Rents have been resetting lower across the region, but the adjustment has been uneven. Kidder Mathews said average asking rents fell to $0.97 per square foot triple net in the first quarter of 2026, and Avison Young said average rents had already dropped to about $1.09 per square foot by the second quarter of 2025 after peaking at $1.57 in 2023. (kidder.com) (avisonyoung.us) Small buildings have held up better than big-box warehouses in many markets because very little new supply has been built. CBRE said shallow-bay construction has remained limited for years, with properties built since 2010 making up only 5% of total shallow-bay inventory in major markets. (cbre.com) That supply constraint helps explain why more listings have not yet produced a steep price break in these four cities. Kidder Mathews said vacancy rates are expected to decline for properties under 100,000 square feet even as the wider Inland Empire continues to work through elevated inventory. (kidder.com) Investors and brokers are also treating small-bay product differently from bulk distribution space. Avison Young said a four-building Inland Empire deal drew interest partly because it included small-bay product, “a segment that has fared well in today’s leasing environment.” (avisonyoung.us) The result is a market with more choice than a year ago, longer marketing times, and pricing that is sticky rather than collapsing. For buyers watching Chino, Corona, Riverside and Ontario, the next test is whether listings keep building through the second half of 2026. (x.com) (kidder.com)
