Riverside Industrial

1,388,210 First Nandina Logistics Center Space
Moreno Valley, Moreno Valley, CA
# 1,388,210 SF First Nandina Logistics Center ### Another Quality Project of First Industrial Realty Trust First Industrial recently received entitlements from the City of Moreno Valley for a 1,388,210 SF Logistics Center. Construction is expected to begin early 2017. The Project is located in the Inland Empire approximately one hour from the Ports of Los Angeles and Long Beach. This ideal location reaches consumers in Southern California and the approximate 55 million population within a six hour driving radius. Corporate neighbors include Amazon, Home Depot, Lowes, Ross Stores, Hanes, Whirlpool, Proctor & Gamble and Skechers. The facility is designed to provide state-of-the-art features for corporate America searching for a national distribution center, fulfillment center or omni-channel. First Industrial will customize the facility to suit by phasing construction or dividing the building. The Project includes 40’ warehouse clearance, cross-dock loading, 305’ and 240’ concrete truck courts, secured yards, and a 8” concrete slab accommodating heavy floor loads. The building is offered for Lease. The building is located one mile east of the 215 Freeway providing quick and efficient access into the Southern California freeway network. The local market offers an abundant, well trained work force of skilled and unskilled labor. Public Transit Systems provide transportation to the building. Please contact Colliers International to schedule a tour. Features - Cross-Dock Configuration - Divisible from 600,000+ - 40’ Warehouse Clearance - 224 Dock High Doors (9’x10’) & 4 Ground Level Loading Door (12’x14’) - 8” Warehouse Slab - 410 Trailer Stalls (Expandable) - 12,000 SF of Office Space - ESFR Sprinkler System with K25.2 Heads, LED Warehouse Lighting - 2,000 Amps with 4000 UGPS Amps - 305’ and 240’ Concrete Truck Courts - Corporate Neighbors Include: Amazon, P&G, Walgreens, O’Reilly Auto Parts, Harbor Freight Tools, Home Depot, Ross Dress For Less

Riverside

Office Space Market Report

Number of Listings (last 90 days)
278
Median Rate ($/sqft/yr)
$29
Median Size (sqft)
1,800
As of: May 22, 2017

Riverside County Office & Commercial Space

Part of the Inland Empire, this 7,208 square mile, rectangular county spans from just east of Los Angeles County to the Arizona border. The fourth most populous California County, Riverside County has office space for rent in 28 incorporated cities as well as in unincorporated communities. The largest cities in Riverside County with commercial space for rent include Riverside (pop. 287,820), Moreno Valley (pop. 174,565), Corona (pop. 144,661) and the twin cities of Murrieta (103,466) and Temecula (93,923). The Coachella Valley is included in Riverside County’s commercial rental market, with resort towns Palm Desert and Palm Springs providing additional locations to lease retail and office space. Major employers in the county include county government, March Air Reserve Base, retail, school districts, healthcare, and hospitality, especially in the resort towns.

Riverside County Economic Overview

The Inland Empire was hard-hit by the recession and resulting unemployment, but began to rally by the end of 2011. Unemployment has dropped since that time, although it is still above both the state and national averages. Job growth is forecasted to continue, given momentum over nearly every industry sector except for farm and information. Construction, transportation, and wholesale industries are expected to have particularly strong growth. Average asking lease price is climbing, due to continued leasing activity, limited supply of new construction, and the market’s cautious optimism.

Riverside County At A Glance

This vast area was the birthplace of California’s citrus industry. The University of California campus at Riverside had its roots from a research facility farmers lobbied for to help them create a better crop. Tourism is strong in Coachella Valley’s resort towns of Palm Desert and Palm Springs, which have also become retirement destinations. Transportation of goods is convenient for industry, as Riverside County lies along the Santa Fe Railway’s Chicago to Los Angeles corridor. In addition, commuting transportation options are outstanding, as many commuters to both San Diego and Greater Los Angeles live in Riverside County, and transportation hubs have grown up around these commuter needs.

Where to Lease in Riverside County

Riverside County’s commercial real estate market has strengthened over the last few years, with positive absorption rates holding, especially in Class A structures. Speculative building prior to the recession caused a boom in supply, which currently translates into a leaser’s market, as firms can shop for the best space and the best deal available. Areas such as Riverside City, Corona, Temecula, Palm Springs, and Palm Desert have the most commercial office space offerings.

Learn More About Riverside County

Market Report

Trends and status of the commercial real estate market in Riverside.
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Market Data

Real time and historical data on commercial real estate listings in Riverside.
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