Market Report
Riverside-San Bernardino Retail Market Report
3Q 2026
Nationally High Vacancy Overshadows
Encouraging Leasing Momentum
Perspective needed when evaluating the metro. The Inland Empire entered July with the highest retail vacancy among major U.S. markets. By local standards, however, the metro’s 7.1 percent rate is not historically elevated. Instead, the metric is 70 basis points below the market’s long-term average and on par with its prior 10-year mean. Standout tenant demand over the last three quarters contributed to these conditions, with retailers absorbing a net of 980,000 square feet — the third-largest tally among major U.S. metros. With lease commitments for 10,000-square-foot-plus spaces rising in the first half, moderate near-term vacancy compression is possible as second-half move-ins coincide with a lack of supply additions.
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