After hitting the $2.00 mark in Q3 2019 for the first time in 10 years, the average asking lease rate ended Q4 2019 at $2.05 per sq. ft, the highest figure since 2009.
A 146,785-sq.-ft. Class A office building in Corona officially broke ground and is expected to be completed in April 2020.
Government, medical, business services and insurance companies bolstered activity during Q4 2019. San Bernardino County Fire District led the way with a new 70,617-sq.-ft. lease at 1111 E Mill Street in San Bernardino.