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Market Report

Riverside-San Bernardino Office Market Report

Second Quarter 2019

Household Growth Spurs Medical Office Demand; Buyers Look for Value-Add Opportunities

 
Logistics industry underpins stability in the Inland Empire. The office market in the Riverside-San Bernardino metro is bolstered by the strength of back-office operations and the companies that support the logistics industry. Local demand for office space has tightened vacancy and influenced the ongoing appreciation of rents. Economic growth in Chino Hills, Corona, Ontario and Rancho Cucamonga has broadened the concentration of office-using employees and created additional demand for office space around the metro. While the traditional office property market is stable, medical office performance continues to improve, drawing out-of-market investors to the area. The strong cash flows provided by medical office assets leased to quality tenants are attractive to investors looking to diversify their portfolios.

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