Strong demand for state-of-the-art industrial product propelled activity eastward. Gross activity totaled 5.8 million sq. ft. in the Inland Empire East (IEE) compared with Inland Empire West (IEW) which totaled 4.5 million sq. ft.
The scarcity of big box availability fueled speculative development. Of the 4.0 million sq. ft. completed in Q2 2020, 70% were pre-leased. Over 60% of the pre-leased buildings were over 500,000 sq. ft.