In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor are joined by top industrial real estate broker Steve Bellitti from Collier's. Steve provides an overview of the Inland Empire market, discussing market trends, the impacts of COVID-19, rising vacancy rates, and the dramatic shifts in lease rates and sublease spaces. Additionally, the conversation touches on the recent wildfires in Southern California, their effects on the real estate market, and Steve's personal experiences during these tragic events. The episode concludes with insights into future market conditions and projections for 2025.

00:00 Impact of COVID on the Industrial Real Estate Market

01:07 Introduction to the Podcast and Guest

01:54 Overview of the Inland Empire Market

04:44 COVID's Effect on Vacancy Rates and Rents

08:11 Sublease Space and Investment Challenges

11:50 Personal Impact of Wildfires

15:28 Future Outlook for the Inland Empire

17:29 Conclusion and Contact Information

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