City of Ontario - Commercial Real Estate
Map of Ontario, California
About the City of Ontario
LOCATION ADVANTAGES
Ontario is acclaimed as Southern California’s Next Urban Center with:
•LA/Ontario International Airport (ONT)
•United Parcel Service (UPS) Western Regional Hub at ONT
•The Ontario Foreign Trade Zone (FTZ)
•Ideal access to Southern California’s freeway system via I – 10, I – 15 & Rt. 60
•Convenience to local, regional, national & international markets
•Nearby mountains, beaches, desert playgrounds, attractions & theme parks
•Adjacent to an innovation corridor of colleges & universities and an abundant and skilled workforce
DEMOGRAPHICS AND WORK FORCE
•Median age: 29.2 years
•Median income: $53,018
•Proportion of population over age 55: less than 14.1%
• Households (largest proportion): 31.6% married couples with minor children at home
•Occupation (largest proportion): 16% manufacturing sector
POPULATION
• City of Ontario: 173,690 people
• One of Southern California’s fastest growing cities for more than 25 years
•Anticipated growth by 2020: 120,000 people as substantial residential development begins in the 8,200 acre New Model Colony
•Greater Ontario area: 3.2 million people
•Greater Ontario anticipated growth by 2020: 1.8 million people, which is greater than 47 of the 50 U.S. states (fourth only after California, Texas & Florida)
AVAILABLE, AFFORDABLE COMMERCIAL LAND & REASONABLE LEASE RATES
•Closest area to Los Angeles County that still has undeveloped commercial land available – at half the cost of Los Angeles or Orange County
•Commercial space near LA-Ontario International Airport (ONT) far less expensive than West Los Angeles or Orange County
•Class “A” office space, average lease per square foot per month:
West Los Angeles $3.43
John Wayne Airport $2.37
South Orange County $2.22
San Gabriel Valley $2.10
Downtown Los Angeles $2.84
Ontario $2.13
•New, technologically advanced, Class “A” space in Ontario: 1.9 million square feet of the City’s 5 million square feet in inventory
AVAILABLE, AFFORDABLE INDUSTRIAL SPACE & REASONABLE LEASE RATES
•Industrial space near LA-Ontario International Airport (ONT): far less expensive than West Los Angeles or Orange County
•Ontario industrial space near ONT: $0.34 per square foot
Space with access to a major airport:
Orange County $0.70
Los Angeles County $0.54
•Existing industrial space in Ontario more than 97 million square feet
For More Information about the City of Ontario please visit their website at http://www.ci.ontario.ca.us/