Where a business chooses to invest is critical. Ontario believes that it’s the City’s responsibility to ensure that businesses and their employees, who make a commitment to invest in Ontario, remain confident their investment is the right one, today and for the long term. Ontario’s transportation infrastructure is a key asset to the City’s success in business. Whether you are a manufacturer/distributor of goods, a corporate headquarters or a local retailer, Ontario offers business opportunities for all industries.
In 2009, the City unveiled The Ontario Plan, the nation’s first web-based general plan. This dynamic framework for sustained, comprehensive leadership in building a community institutionalizes the approach to governing a City, providing predictability, certainty and stability over the next 20 to 30 years.
Ontario has projected to nearly double its population within the next 30 years making the City one of the 50 largest cities in America. While the growth of Ontario would certainly be appealing to a retailer, developer or owner looking for the next place to invest in Southern California, long term success will only be realized if the city of choice demonstrates planning, leadership and a willingness to be a partner for the short and the long term.
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.
Ontario has 100 million square feet of space with a vacancy rate of 3.8%
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.
Ontario Foreign Trade Zone allows products to be stored, manipulated, manufactured, and 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, click here.
4th Quarter 2014 Lease Rates
Industrial firms are migrating to Ontario for its location, modern facilities and lower lease rates.
- Ontario $0.43 per sq ft.
- Los Angeles County $0.53 per sq ft.
- Orange County $0.67 per sq ft.
In addition to competitive space sots, an Ontario location offers firms a wide array of logistical advantages: ONT with it’s 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 110 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 redevelopment of its older industrial properties.
Ontario reaps the benefits of the intersections of three major arteries of Southern California’s dynamic freeway system: Interstate 10, I-15, Route 60. The efficiency of this freeway system has been dramatically enhanced with the recent completion of the high-occupancy vehicle lane on Interstate-10, augmenting its immediate trucking and air resources.
Ontario provides access to two major railways including:
- Burlington Northern Santa Fe Railway
- Union Pacific Railway
- Ontario also provides strategic access to the Ports of Los Angeles and Long Beach through its interconnected freeway and rail system.