REAL ESTATE NEWS

iDC Logistics has secured two leases for industrial space in Southern California in a deal arranged by CBRE.

The total square footage for the third-party logistics (3PL) provider exceeds more than 1.1 million square feet.

The bulk of the space is the 844,311 square feet of Class A space at 5690 Industrial Parkway in San Bernardino, California, making it the second-largest industrial lease in the Core Inland Empire this year.

The space will be used to support their customers’ third-party logistics needs with a temperature-controlled environment and AIB certification.

The second encompasses 260,000 square feet at 19515 E Walnut Dr N in the City of Industry. It will focus on manufacturing electronics, such as monitors and computers.

“Southern California remains one of the most vital logistics hubs in the world,” Jeff Vertun, senior vice president of advisory and transaction services, global supply chain collective of CBRE, and who represented iDC Logistics in both transactions, told GlobeSt.com.

“Despite the current softer market and tariff uncertainty, logistics companies like IDC Logistics can grow and win new business with the right proactive partner approach connecting sales, real estate, and operations.”

The move comes as Inland Empire lease rates fell for the eighth consecutive quarter, as rising vacancy forces landlords to compete.

“This allowed iDC to secure the second largest facility of the year at terms that helped win them new customers by directly improving their bottom line and minimizing the impact of tariffs for them and the end consumers,” Vertun said.

“We expect this solutions-oriented approach to our 3PL network to continue to drive growth and activity for the market.”

The transactions show iDC’s commitment to the market. It had secured 350,000 square feet in the Inland Empire earlier this year and is pursuing additional growth in Texas and New Jersey, under Vertun.

Leasing activity totaled 11.1 million square feet in the Inland Empire Core in Q2 2025, while the broader area of the region reached 12.1 million square feet. Demand for larger spaces was robust, especially in buildings exceeding 500,000 square feet.

Transportation and warehousing employment is booming comparatively in Los Angeles County, reaching a total of 205,700 workers by the end of Q2 2025, according to CBRE. This represents a 1.6% increase year-over-year and an 11.9% increase over the past five years.

Meanwhile, total manufacturing employment declined to 297,600, a 4.7% decrease compared to the previous year and down 1.8% over the past five years.

Source: GlobeSt/ALM