The Inland Empire commercial real estate market is drawing attention due to the region’s remarkable growth and affordability compared to its coastal Californian counterparts. As a dynamic hub for industry and agriculture, the Inland Empire—encompassing Riverside, San Bernardino, and Ontario—offers a favorable blend of industrial, warehouse, office, and retail space. This booming area is known for its competitive lease prices and robust infrastructure, which make it an attractive choice for businesses seeking to expand their operations.
My name is Matt Morgan, and I have been deeply involved in Southern California’s commercial real estate scene since 2008. With a focus on retail and office properties, I bring extensive expertise in Inland Empire office space rentals. I am honored to be a member of the International Council of Shopping Centers and have contributed to numerous thriving real estate projects.
Understanding the Inland Empire Market
The Inland Empire stands out as a guide of opportunity for businesses, thanks to its affordable land, robust infrastructure, and plentiful industrial space. Let’s explore what makes this region a magnet for companies and entrepreneurs.
Affordable Land
The Inland Empire offers vast expanses of land—over 27,000 square miles—at prices significantly lower than those in the neighboring Los Angeles area. This affordability is a key factor drawing businesses looking to establish or expand their presence in Southern California. With commercial rents varying by location, companies can find options that suit their budgets without sacrificing quality or convenience.
Robust Infrastructure
Infrastructure is the backbone of any thriving business hub, and the Inland Empire is no exception. The region boasts a sophisticated network of roadways and railways, making it an ideal location for logistics and distribution. The presence of major interstates, such as I-10 and I-15, and access to the Ontario International Airport, the country’s 15th busiest cargo airport, ensure seamless connectivity for businesses. This infrastructure supports the movement of over three-quarters of California’s imported cargo through the LA/Inland Empire corridor, underscoring its strategic importance.
Abundant Industrial Space
Industrial space is a cornerstone of the Inland Empire’s appeal. With a healthy mix of industrial, warehouse, office, and retail spaces, the region caters to a diverse range of business needs. Cities like Corona exemplify this with over 34 million square feet of industrial space, which is more than ten times its office space inventory. This abundance ensures that supply keeps up with demand, providing plentiful options for tenants seeking space.
In summary, the Inland Empire’s combination of affordable land, strong infrastructure, and ample industrial space makes it a prime location for businesses. Whether you’re looking to lease office space or expand industrial operations, this region offers the resources and environment to support growth and success.
Next, we’ll explore the Key Areas for Office Space Rentals in the Inland Empire, focusing on Riverside, San Bernardino, and Ontario.
Key Areas for Office Space Rentals
When it comes to finding the perfect office location in the Inland Empire, three cities stand out: Riverside, San Bernardino, and Ontario. Each offers unique advantages for businesses seeking to rent office space.
Riverside
Riverside is not just the heart of the Inland Empire; it’s a busy hub for businesses of all sizes. Known for its vibrant downtown area, Riverside offers a mix of modern office spaces and historic buildings, providing a unique blend of old and new.
- Diverse Options: From sleek high-rises to charming storefronts, Riverside offers a wide range of office spaces to cater to different business needs.
- Central Location: Located at the crossroads of major highways, Riverside provides excellent access to Los Angeles, San Bernardino, and beyond, making it ideal for businesses that need to stay connected.
- Cultural Hub: With numerous cultural attractions and a thriving arts scene, Riverside provides a lively environment that can improve employee satisfaction and attract talent.
San Bernardino
San Bernardino is another key player in the Inland Empire office space market. This city is known for its affordability and potential for growth, making it an attractive option for businesses on a budget.
- Affordable Rents: San Bernardino offers some of the most competitive rental rates in the region, allowing businesses to maximize their budget.
- Strategic Growth: The city has been focusing on revitalization efforts, creating opportunities for businesses to be part of a growing community.
- Rich History: As one of the oldest cities in California, San Bernardino offers a rich historical backdrop, adding character to its business environment.
Ontario
Ontario is a rising star in the Inland Empire, thanks to its strategic location and robust infrastructure. The city is home to the Ontario International Airport, a significant asset for businesses involved in logistics and distribution.
- Prime Logistics Hub: Ontario’s proximity to the airport and major interstates makes it a prime location for companies that rely on logistics.
- Modern Facilities: The city offers a plethora of modern office spaces equipped with the latest amenities, catering to tech-savvy businesses.
- Business-Friendly Environment: With ongoing development projects and supportive local government initiatives, Ontario is ready for continued growth and offers a welcoming environment for new businesses.
Benefits of Renting Office Space in the Inland Empire
Renting office space in the Inland Empire comes with a host of benefits that make it an attractive option for businesses looking to expand or relocate. Let’s explore why this region is a smart choice for businesses.
Affordability
One of the most compelling reasons to consider office space in the Inland Empire is its affordability. Compared to neighboring regions like Los Angeles and Orange County, the Inland Empire office space for rent offers more bang for your buck. Businesses can find competitive rental rates that allow for budget flexibility. This affordability extends beyond just rent; the cost of living in the Inland Empire is generally lower, which can be a boon for employees as well.
Growth
The Inland Empire is not just a place to save money; it’s a region primed for growth. With a robust infrastructure that includes major highways, railways, and proximity to ports, the area is perfectly positioned to support business expansion. The region’s growth rate has been impressive, with industries like manufacturing, distribution, and construction leading the way in job creation. This growth is supported by local government initiatives aimed at fostering business development, making it a fertile ground for new and established companies alike.
Plentiful Options
In the Inland Empire, businesses have a plethora of options when it comes to choosing office space. Unlike other regions where demand far outpaces supply, the Inland Empire has managed to keep up with its growth. This means businesses can find the right space to meet their needs, whether it’s a sleek modern office, a historic building with character, or a flexible warehouse space. The availability of diverse office types ensures that businesses of all sizes and industries can find a suitable home in the region.
Inland Empire Office Space for Rent: What to Expect
When you’re on the hunt for Inland Empire office space for rent, it’s important to know what to expect. Here’s a quick guide to help you steer the market:
Vacancy Rates
The vacancy rates in the Inland Empire offer a unique advantage. Unlike many busy areas where space is scarce, the Inland Empire has kept its vacancy rates at a manageable level. This means businesses have a good chance of finding the right fit without the pressure of immediate decisions. According to industry reports, the region has seen an increase in available spaces, providing more options for businesses to choose from.
Rental Prices
Rental prices in the Inland Empire are another attractive feature. The average asking price for office spaces in Riverside, for example, is around $28.23 per square foot. This is considerably more affordable than neighboring regions like Los Angeles, where prices can soar. The affordability of office space here allows businesses to allocate resources to other critical areas, such as staffing and technology.
Lease Terms
Lease terms in the Inland Empire are generally flexible, catering to a wide range of business needs. Whether you’re looking for a short-term lease to test the waters or a long-term commitment to establish roots, there are options available. This flexibility is crucial for businesses that need to adapt quickly to changing market conditions.
Frequently Asked Questions about Inland Empire Office Space for Rent
What are the average rental prices?
In the Inland Empire, rental prices for office spaces are quite competitive. On average, office spaces in Riverside ask for about $28.23 per square foot. This is significantly lower than areas like Los Angeles, where prices tend to be much higher. Affordable rental prices in the Inland Empire make it an attractive option for businesses looking to manage costs effectively while still securing quality office space.
How does the vacancy rate affect availability?
The vacancy rate in the Inland Empire is one of its strong points. With a balanced rate, businesses have the luxury of choice. Unlike high-demand areas where space is scarce, the Inland Empire offers a variety of options. This means companies can take their time to find a space that truly fits their needs without feeling rushed. The steady availability of office spaces allows businesses to plan strategically and secure locations that match their operational requirements.
Why Choose IPA Commercial Real Estate?
When it comes to navigating the Inland Empire office space for rent, having the right partner by your side can make all the difference. That’s where we, at IPA Commercial Real Estate, come in. Our commitment to personalized service ensures that every client receives the attention and expertise they deserve.
Personalized Service: We believe in the power of direct communication. Our clients have direct access to our team of professionals who respond promptly to their requests. This hands-on approach allows us to tailor our services to meet the unique needs of each client.
Comprehensive Consulting Services: Beyond just brokerage, we offer a wide range of consulting services. Whether you need insights on market trends, assistance with property management, or strategic advice for your business expansion, our team is here to help.
Local Expertise: With our headquarters in Riverside, CA, we have an intimate understanding of the Inland Empire market. Our 30 years of experience in this region allow us to provide valuable insights and opportunities that others might miss.
A Focus on Value: We measure our success by the success of our clients. By providing value-added services, we ensure that your investment in office space is not just a transaction but a strategic move towards growth.
If you’re ready to explore the possibilities of office space in the Inland Empire, let us guide you through the process with expertise and care. Learn more about our services and how we can assist you by visiting our property management page.
In choosing IPA Commercial Real Estate, you’re not just renting an office space; you’re investing in a partnership dedicated to your success.