Published on Sunday, July 27, 2008
By JOSEPH ASCENZI
The Inland Empire's industrial market is beginning to scramble.
The trend of big-box industrial users locating on the east end of the Inland Empire is apparently changing, and more space inside large industrial buildings is being subleased because tenants don't need as much space as they once did, according to Inland industrial brokers.
Faced with painful fuel prices, more users are setting up shop on the west end - specifically in or near Ontario and Rancho Cucamonga - so they can shorten the drive from the ports of Los Angeles and Long Beach and cut down on transportation costs, according to several Inland industrial brokers.
"More and more the price of fuel is becoming a major issue for everyone," said Chuck Belden, executive director for Cushman-Wakefield Inc. Ontario. "It accelerated during the first quarter when prices started to get high, and it's become more obvious as fuel costs have gone through the roof
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