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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.
Ontario Foreign Trade Zone
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.
- Store products without customs duties
- Increase international sales
- Realize greater export potential
- Succeed in global markets
4th Quarter 2016 Lease Rates
Industrial firms are migrating to Ontario for its location, modern facilities and lower lease rates.
- Ontario $0.53 per sq ft.
- Los Angeles County $0.64 per sq ft.
- Orange County $0.76 per sq ft.
* Colliers International Industrial Market Report
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 97.0 million square feet of industrial space with buildings over 10,000 SF. 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.
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