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Industrial Market
Ontario continues to have the hottest industrial real estate market in Southern California. Developers have found that sites in Ontario offer the best combination of highly valued attributes- efficient infrastructure, modern amenities and a technology/logistics proficient labor force.
From a planning standpoint, firms find they are located next to one another with good freeway access and are isolated from incompatible uses such as schools, retail outlets or residential neighborhoods.
Industrial firms have strategic access to LA/Ontario International Airport (ONT) as well as Southern California's dynamic freeway system via I– 10, 1– 15 and Route 60.
Ontario’s Foreign Trade Zone allows products to be stored, manipulated, manufactured, exhibited and (if need be) destroyed without paying Customs duties unless the items enter into the US economy. The potential ability to increase international sales, realize greater export potential and succeed in global markets is often a deciding factor for location, relocation and expansion into Ontario.
For more information about the Foreign Trade Zone.
Lease Rates
Industrial firms are migrating to Ontario for its location, modern facilities and lower lease rates.
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Ontario |
$0.44 per square foot |
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Los Angeles County |
$0.67 |
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Orange County |
$0.73 |
In addition to competitive space costs, an Ontario location offers firms a wide array of logistical advantages: ONT with its United Parcel Service (UPS) Western Regional hub, the freeways that pass through the City, availability of major 'less than load' trucking firms and the rail lines of both the Union Pacific-Southern Pacific and Burlington Northern Santa Fe Railroads that traverse Ontario.
Ontario has an estimated total 97.0 million square feet of industrial space. Due to the absorption of its larger industrial space, Ontario is currently focusing on the development of industrial business parks and the redevelopment of its older industrial properties.
For more information about Ontario’s Industrial Properties.
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