{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fadding-value-with-shy-assar-58c53c3f.simplecast.com%2Fepisodes%2Fep030-tim-pimentel-lGLyW1Mz","width":444,"version":"1.0","type":"rich","title":"The Inland Empire Industrial Warning Sign Every Owner Needs to See","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/1293c931-b112-4a14-abdb-cd52a5b77dbe/32e52526-e7e1-46d5-972b-9d0d86da36a1/adding-20value-20square.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/6c225ce2-6c85-4b28-af9f-8d16e3c03086\" height=\"200\" width=\"100%\" title=\"The Inland Empire Industrial Warning Sign Every Owner Needs to See\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"The Inland Empire industrial market is flashing a major warning sign. For the first time in recent memory, negative net absorption crossed 1.35 million square feet in a single quarter, pushing overall vacancy up to 8.94%—the highest level seen in over 13 years. Space is returning to the market faster than tenants can take it down.\n\nBut if you think the entire market is collapsing, you’re looking at the wrong data.\n\nBehind the headline numbers lies a massive historic divergence. While mid-sized buildings between 100k and 250k square feet face a brutal 14% availability rate, the mega-warehouse segment (500k+ SF) in the West just exploded with 2.9 million square feet of positive net absorption driven by major moves from Amazon and TikTok. It is a complete tale of two markets.\n\nJoining host Shy Assar on this episode of Adding Value is Tim Pimentel, Vice Chair at Cushman & Wakefield. Having executed over 65 million square feet of transactions throughout his career, Tim brings institutional insight into what’s happening on the ground, how Asian sovereign 3PLs are changing tenant dynamics, where lease rates are actually settling across the East and West, and why we may finally be touching the bottom of the cycle."}