Vacancy remained elevated in the Inland Empire market
Vacancy in the Inland Empire remained elevated at 9.7% in Q2 2026, unchanged from the prior quarter and 120 basis points (bps) higher than a year ago. The Inland Empire West recorded 1.6 million square feet (msf) of tenant move-ins, followed by the Inland Empire East with 114,800 square feet (sf). In contrast, the High Desert recorded negative absorption of 651,000 sf, resulting in overall absorption of 958,500 sf. The largest move-out was Shein, which vacated 1.0 msf in Cherry Valley, while an undisclosed third-party logistics (3PL) tenant represented the largest move-in, leasing 1.3 msf in Fontana.