realestate

Developers eye Inland Empire's outskirts for warehouse space due to rising land costs

Impact of Assembly Bill 98 on Warehouse Development in Inland Empire

W
arehouse developers in the Inland Empire are closely monitoring Assembly Bill 98, signed into law by Gov. Gavin Newsom, which sets requirements for new warehouse locations, including setbacks from homes and schools. The law may impact construction in Riverside and San Bernardino counties, as well as benefit less developed desert regions. The legislation was introduced late in the legislative session, leaving little time for industry input. Developers with approved building sites may see increased value as constructing new projects becomes more challenging. The bill has sparked opposition from commercial real estate groups, who plan to introduce opposing legislation in Sacramento.

Warehouse construction in Inland Empire outskirts due to high land costs.