Airport Area
Inland Empire - CA USA - Industrial Submarket
Industrial real estate intelligence for the Airport Area submarket. 259.1M SF of inventory with 8.5% vacancy. Data sourced from various MLS platforms.
259.1MSF
Inventory
31.9MSF
Available
8.5%
Vacancy
12.3%
Availability Rate
$12.50
Asking Rent
-2.6%
Rent Growth
-2,593,832SF
12mo Absorption
1.0MSF
Under Construction
Market Metrics
12mo Delivered
4.7M SF
Under Constr % of Inv
0.4%%
Sale Price/SF
$280
Cap Rate
4.6%%
12mo Sales Volume
$775,944,007
Sales Vol Growth
-34.5%
Asset Value
$72,780,638,560
Net Absorption
-2,593,832 SF
Recent DC Sales in Market
| Property | Price | SF | Buyer |
|---|---|---|---|
| 587 James S McDonnell Blvd (Part of a 10 Property Portfolio) | $15.7M | 109,000 | Buyer 1 Altum Digital Infrastructure | Buyer 2 Igneo Infrastructure Partners |
| Rackspace | - | 77,546 | Max Management Corp. |
| 2300 NW 89th Pl | $8.0M | 94,449 | Banyan Street Capital |
| Atlanta Airport Data Center | $65.5M | 344,000 | Menlo Equities |
| LAS1 Data Center | $17.2M | 56,379 | DataBank |
Available DC Space in Market
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| 4025 E Cotton Center Blvd | 60,512 | $12.57 - 15.36 (Est.) | Property Income Advisors, Inc. |
| 4239 Piedmont Pky | 18,483 | $8.78 - 10.74 (Est.) | Louis DeJoy |
Data Centre Development Potential
High vacancy (8.5%) in Airport Area may indicate availability of conversion-ready industrial buildings for data centre development. Active construction pipeline of 1.0M SF indicates developer confidence in the submarket. Negative absorption of 2.6M SF over 12 months warrants caution, though this may create discounted acquisition opportunities.
Other Submarkets in Inland Empire - CA USA
Evaluating Airport Area for Development?
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Data sourced from various MLS platforms. Industrial market data for informational purposes. Professional due diligence recommended.