Inland Empire Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Kidder Mathews, Cushman & Wakefield, CBRE
Quarterly office market indicators for Inland Empire, aggregated by CREhunt from Kidder Mathews, Cushman & Wakefield, CBRE. As of Q2 2026, average asking rent was $25.44/SF/yr and vacancy was 5.0%, per Kidder Mathews.
Projected current office pricing — Inland Empire
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 7.9%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Kidder Mathews | $25.44/SF/yr | 5.0% | -24K SF | 198K SF | Kidder Mathews |
| Q2 2026 Cushman & Wakefield | $27.60/SF/yr | 9.1% | 13K SF | — | Cushman & Wakefield |
| Q4 2025 Kidder Mathews | $24.12/SF/yr | 5.2% | 15K SF | — | Kidder Mathews |
| Q4 2025 CBRE | $22.44/SF/yr | 5.2% | 45K SF | — | CBRE |
| Q4 2025 Cushman & Wakefield | $26.88/SF/yr | 8.7% | — | — | Cushman & Wakefield |
| Q3 2025 Cushman & Wakefield | $26.76/SF/yr | 8.6% | -4K SF | — | Cushman & Wakefield |
| Q3 2020 Cushman & Wakefield | $24.36/SF/yr | 7.7% | -113K SF | — | Cushman & Wakefield |
| Q2 2020 Cushman & Wakefield | $23.76/SF/yr | 6.9% | -213K SF | 2K SF | Cushman & Wakefield |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Inland Empire office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Chino/Chino Hills | $2.25/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Colton | $1.67/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Corona | $2.63/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Inland Empire East | $2.20/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Inland Empire South | $2.42/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Inland Empire West | $2.34/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Lake Elsinore | $1.66/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Murrieta | $2.34/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Ontario | $2.42/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Rancho Cucamonga | $2.27/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Redlands/Loma Linda | $2.11/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Riverside | $2.33/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| San Bernardino | $1.98/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Temecula | $2.08/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Upland | $2.33/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
How the brokerage sources compare
For Q2 2026, the brokerages CREhunt aggregates for Inland Empire office did not fully agree. On vacancy, the sources span 4.1 points — from 5.0% (Kidder Mathews) to 9.1% (Cushman & Wakefield). Asking-rent estimates differ by $2.16/SF/yr — from $25.44/SF/yr to $27.60/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.
| Source | Vacancy | Asking rent | Cap rate |
|---|---|---|---|
| Kidder Mathews | 5.0% | $25.44/SF/yr | — |
| Cushman & Wakefield | 9.1% | $27.60/SF/yr | — |
Per-brokerage figures for Q2 2026, aggregated from published brokerage market reports.
Frequently asked questions
- What is the average asking rent for office space in Inland Empire?
- As of Q2 2026, the average asking rent for office space in Inland Empire was $25.44/SF/yr, per Kidder Mathews.
- What is the office vacancy rate in Inland Empire?
- The office vacancy rate in Inland Empire was 5.0% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's Inland Empire market data come from?
- This report aggregates quarterly office market data for Inland Empire from Kidder Mathews, Cushman & Wakefield, CBRE.
- How much do brokerage estimates differ for office space in Inland Empire?
- For Q2 2026, the brokerage sources CREhunt aggregates for Inland Empire did not fully agree. On vacancy, the sources span 4.1 points — from 5.0% (Kidder Mathews) to 9.1% (Cushman & Wakefield). Asking-rent estimates differ by $2.16/SF/yr — from $25.44/SF/yr to $27.60/SF/yr. CREhunt reconciles these into a single consensus median rather than relying on any one brokerage.