The Inland Empire of industrial market is MASSIVE. It is estimated that 40% of all distribution to the US comes through the two ports located in Southern California. We spent ten minutes talking Inland Empire with Jeff Huberman, one of the top industrial brokers in California.
What did we learn?
–These ports are the gateway to Asia and the 7 tigers.
–Manufacturing is moving out of SoCal and the demand is more than offset by distribution and logistics.
–Jeff and the Lee & Associates team breaks down the demand by first touch and last touch.
–This market continues to expand inland. Institutional size requirements today are a minimum of 300,000/SF and 36-foot clear height.
Tons of insights. “Ten minutes flies by” was a reply I got from our first Ten on One, so click the video below and enjoy.