Markets › Ontario, CA
Industrial Property Values in Ontario, CA
Automated market snapshot from recent comparable sales · Mar 2025 – Mar 2026. Updated 2026-07-14.
Ontario, CA industrial market
The Ontario, CA industrial submarket (Inland Empire West) is in a post-peak recalibration phase. Direct vacancy has climbed to roughly 7.7% to 8.5% in early 2026, up sharply from sub-2% pandemic-era lows, as a wave of speculative construction delivered vacant space faster than demand could absorb it. Lease rates have fallen roughly 34% from their 2023 peak to around $0.99 to $1.08 per SF per month NNN, giving tenants meaningful negotiating leverage including free-rent concessions. Sale prices have pulled back to roughly $220 to $320 per SF depending on asset quality and size, with cap rates averaging in the mid-4% to low-5% range for stabilized product.
What's driving Industrial prices in Ontario
Industrial sale prices in Ontario/Inland Empire West pulled back roughly 15% from 2022 peak levels through mid-2026, with the average transaction price settling in the $259-$275/SF range during 2025, compared to highs above $300/SF in 2022.
- Rising vacancy (7.7%-8.5% direct in Q1 2026) driven by excess speculative deliveries is pushing lease rates and values down
- Lease rates down roughly 34% from 2023 peak to ~$0.99-$1.08 NNN/SF/month, eroding NOI and limiting upward pricing pressure on sales
- Scarcity of smaller sub-100,000 SF modern logistics product is keeping that size band more competitive than big-box
- Proximity to Ontario International Airport and I-10/I-15/SR-60 interchange continues to support long-term logistics demand and prevents deeper value declines
Recent Industrial comps in Ontario, CA
| Address | Date | Type | Size (SF) | Price / Rate | $/SF |
|---|---|---|---|---|---|
| West Ontario Distribution Center, Ontario, CA 91761 news | Q1 2025 | Sale | 174494 | $55,200,000 | $316 |
| Serrano Business Park, Ontario/San Bernardino County, CA news | Q1 2025 | Sale | 332725 | $86,000,000 | $259 |
| Ontario, CA (Orden Company acquisition, 257,000 SF industrial/office) news | Jan 2026 | Sale | 257000 | $57,000,000 | $222 |
| Ontario, CA - Airport Area Submarket Warehouse (274,312 SF building) listing | Mar 2026 | Lease | 185342 | $1.08/SF/month NNN ($12.96/SF/yr NNN) | $12.96 |
| Ontario, CA - Airport Area Submarket Warehouse (22,411 SF) listing | Mar 2025 | Lease | 22411 | $1.25/SF/month NNN ($15.00/SF/yr NNN) | $15.00 |
| 1540 E Acacia St - Thoroughbred Business Park, Ontario, CA 91761 listing | Mar 2025 | Lease | 82252 | $1.30/SF/month IG ($15.60/SF/yr) | $15.60 |
| Ontario, CA - Airport Area Submarket Warehouse (50,976 SF building) listing | Mar 2025 | Lease | 37722 | $1.15/SF/month NNN ($13.80/SF/yr NNN) | $13.80 |
Frequently asked questions
What is the average price per square foot for industrial space in Ontario, CA?
Recent sale comps put the median around $259/SF, with a typical range of $241–$288/SF across 3 recent sales (Mar 2025 – Mar 2026).
What cap rates are industrial properties trading at in Ontario?
Recent market data suggests roughly 4.5%–5.5% for stabilized industrial deals in the Ontario area.
How are these numbers calculated?
They are automated estimates built from recent comparable sales found in public listings, property records, and brokerage announcements. They are not an appraisal or a broker opinion of value.
How do I find out what my Ontario industrial property is worth?
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Figures are automated estimates derived from public listings, records, and brokerage announcements for Ontario, CA, not an appraisal or a broker opinion of value. Verify independently before relying on them. CompNinja connects owners with licensed local brokers; it is not a brokerage.