Impact of COVID-19 and Wildfires on Industrial Real Estate in the Inland Empire

In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by top industrial real estate broker Steve Bellitti from Collier's. Steve provides an overview of the Inland Empire market, discussing market trends, the impacts of COVID-19, rising vacancy rates, and the dramatic shifts in lease rates and sublease spaces. Additionally, the conversation touches on the recent wildfires in Southern California, their effects on the real estate market, and Steve's personal experiences during these tragic events. The episode concludes with insights into future market conditions and projections for 2025. 00:00 Impact of COVID on the Industrial Real Estate Market 01:07 Introduction to the Podcast and Guest 01:54 Overview of the Inland Empire Market 04:44 COVID's Effect on Vacancy Rates and Rents 08:11 Sublease Space and Investment Challenges 11:50 Personal Impact of Wildfires 15:28 Future Outlook for the Inland Empire 17:29 Conclusion and Contact Information You can find every episode of this show on Apple Podcasts, Spotify or YouTube, For more, visit industrialadvisors.com