What Does This Mean To Real Estate Investors?
Investors should pay close attention to the industrial real estate news released by commercial real estate services firm CoStar Group. In their second quarter report, CoStar Group has shown that Inland Empire’s Vacancy Decreases to Five Percent (5.0%).
The Industrial vacancy rate in the Inland Empire market area decreased to 5.0% at the end of the second quarter 2016. The vacancy rate was 5.2% at the end of the first quarter 2016, 5.1% at the end of the fourth quarter 2015, and 5.2% at the end of the third quarter 2015.
Flex projects reported a vacancy rate of 6.4% at the end of the second quarter 2016, 7.3% at the end of the first quarter 2016, 6.8% at the end of the fourth quarter 2015, and 7.8% at the end of the third quarter 2015.
Warehouse projects reported a vacancy rate of 5.0% at the end of the second quarter 2016, and remained at 5.1% at the end of first quarter 2016 through the end of the third quarter 2015.
Real estate investors will benefit from looking at these figures very closely. With a year over year increase of over six percent in warehouse sales & leasing, and e-commerce growth continuing to expand at over 15 percent year over year, investors interested in real estate will benefit from looking into purchasing or building industrial warehouse space.
E-commerce suites of all sizes are looking for ways to remain competitive as the demand for quicker shipping services increases. Large players in the e-commerce industry continue to upgrade shipping services so that they can entice more customers, and smaller sites are following their lead.
Internet based companies are sweeping through industrial areas and securing warehouse space as they try to broaden their shipping options. Those who are aggressively seeking overseas sales are going into areas like the Inland Empire area of California and aggressively securing warehouse space because of its easy accessibility to railroad and cargo ship transportation.
What Does This Mean To E-commerce Businesses?
The U.S. Department of Commerce has released a report showing that e-commerce is increasing at a rate of 15 percent per year. This is exponential growth in the retail industry and the demand is expected to continue at this rate for the foreseeable future and even increase.
With such positive information about Internet based commerce, commerce sites of all sizes are scrambling to meet the demands of worldwide consumers and prepare themselves for local growth. Securing warehouse space throughout the country is part of this growth plan.
Warehouse Sales & Leasing in California’s Inland Empire
The Lee Chang Group is a leading warehouse sales & leasing company serving the Inland Empire area of California. Offering complete representation services for buyers, sellers, landlords and renters, the Lee Chang Group has successfully represented 10’s of millions of square feet of warehouse space in the Inland Empire region for clients from around the world.
With extensive knowledge of the available properties in the area, a working relationship with many of the property owners and builders, and a professional staff, the Lee Chang Group continues to fill warehouse space in the Inland Empire area.
When asked what this exciting industrial real estate news means to them, the Lee Chang Group replied that this type of news is the driving force behind their success in warehouse sales & leasing. They know that the future is in warehouse space and they continue to work aggressively to stay on top of this field and provide their clients with the best representation.
Investors, builders, renters and landlords have all come to the realization that for the most professional warehouse sales & leasing representation, they go to the Lee Chang Group.