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Commercial Real Estate in Chino, CA - 148 Properties Available

Chino, CA Economic Overview

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Located in San Bernardino County, Chino is part of the Inland Empire - along with the neighboring cities of Riverside, Ontario, San Bernardino and Chino Hills. Despite Chino's relatively small population of just over 82,000 residents, the city boasts some impressive statistics, including a median annual household income of nearly $73,000, a median resident age of 35.4 years, and a steadily growing employment rate. Chino is both an agricultural and dairy center, serving much of Southern California and the Southwestern U.S. The City of Chino is decidedly pro-growth, with the local government making it easy for business of all types and sizes to set up shop and locate space in the Chino commercial real estate market.

While the City of Chino itself has a tiny employment pool of just under 34,000 workers, as part of the Inland Empire, countless employees commute to and from Chino from neighboring cities (with some even being classified as 'super commuters' as discussed in the Commuting Time section below). Agricultural and dairy play an important role, as do jobs in management, business services, science and arts, sales, office and general service industries in Chino.

Chino, CA Commercial Real Estate Market

Many municipalities claim to be pro-business, but the City of Chino definitely lives up to it. The City's Jump Start program is an almost unheard of initiative that allows businesses to streamline their relocation and business expansion in Chino. The City's Economic Division will pro-actively assist with finding the right location for developable land, as well as retail, office, and industrial space. The City even boasts a Recycling Market Development Zone with incentives such as low interest loans and technical assistance in recycling disposed items into new products. Other commercial and employment incentives in Chino include tax credits, employee training, assistance in recruiting, and foreign trade zone designation.

The over 4 million square feet of retail, restaurant and entertainment space in Chino attest to the City's vibrant growth in wages and population, and increasing need for commercial space and future development. With nearly 340,000 square feet of inventory, the office market in Chino continues to head in the right direction, as vacancy and unemployment are moving downward and net absorption, new construction and rents per square foot are all moving up. Chino, along with all of the Inland Empire region, continues to attract demand for industrial space from e-commerce companies, logistics firms, distributors and warehousing businesses.

As with the City's office market, the demand for industrial space in Chino continues to increase – the market is seeing positive net absorption, flat vacancy rates, and increasing new construction.

Chino, CA Commercial Inventory Breakdown

Office Spaces

Total: 166,573 SF

Data provided by Yardi Matrix, properties over 50k SF, includes office with retail

By square footage range:

  • 50k to 100k SF: 166,573 SF / 100% of total office

By class:

  • Class A: 50,000 SF / 30.02% of total office
  • Class B: 58,573 SF / 35.16% of total office

Industrial

Total: 40,216,940 SF

Data provided by Yardi Matrix, properties over 50k SF

By square footage range:

  • 50k to 100k SF: 843,348 SF / 2.1% of total industrial
  • 100k to 500k SF: 28,115,385 SF / 69.91% of total industrial
  • 500k to 1M SF: 7,624,400 SF / 18.96% of total industrial
  • > 1M SF: 3,633,807 SF / 9.04% of total industrial

By class:

  • Class A: 34,513,018 SF / 85.82% of total industrial
  • Class B: 3,703,548 SF / 9.21% of total industrial

Employment in Chino, CA

Employment

Chino has a median household income of just under $73,000 - 37% greater than San Bernardino County, 33% greater than the Riverside - San Bernardino - Ontario MSA, and almost 18% higher than the entire State of California.

Top employers in Chino include the Chino Valley Unified School District, with over 1,000 employees, the California Institutions For Men & Women, each with nearly 1,000 workers, and the Chino Valley Medical Center.

The employment rate in Chino has steadily increased, year by year. The industries employing the largest number of workers are:

  • Manufacturing, with almost 4,500 workers;
  • Healthcare & Social Assistance, with over 4,000 employees;
  • Retail Trade, with over 4,000 workers;
  • Educational Services, with nearly 2,700 employees;
  • Construction, with nearly 2,400 workers.

Breaking down employment by occupation, the top five most common job groups are:

  • Administrative, with over 16% of the workforce;
  • Education & Professional Services, with nearly 16% of the labor force;
  • Management, Business and & Financial Operations, with nearly 15% of the workforce;
  • Production & Transportation, with just over 10% of the workforce;
  • Sales, with nearly 10% of the workforce.

The wide variety of employment opportunities continue to bring both residents and employment commuters to the city, and are a driving force in the continued growth of the commercial real estate market in Chino, California.

Education in Chino, CA

The Chino Valley Unified School District has nine elementary schools, three junior high schools and three high schools. Twice in three years, the City of Chino has been given the '100 Best Communities For Youth' award.

The largest public and private universities in the Riverside - San Bernardino - Ontario metropolitan statistical area by graduates are:

  • University of California – Riverside, with 5,522 graduations,;
  • California State University - San Bernardino, with just over 4,000 graduates;
  • Chaffey College, with nearly 3,000 graduations.

When graduations are considered based on the field of study, 24% are in humanistic studies, 15% are in the biological and physical sciences, and over 11% of the graduations are in the liberal arts and general social sciences.

Commuting Time in Chino, CA

Clocking in at just over 32 minutes, drivers in Chino have a longer commute time than the average for the State of California, the County of San Bernardino, and the MSA of Riverside - San Bernardino - Ontario. The City also has its share of 'super commuters', people that spend more than 90 minutes driving to and from work each day. But keep in mind that people who live in Chino don't necessarily work there, and vice versa. Many residents of Chino commute to other workplace locations within the Inland Empire.

The City of Chino is just under 30 square miles in size and, with a small resident population of just over 82,000 people doesn't have the same type of extensive mass transportation systems that larger cities do.

What the City does have is easy access to the rest of the Inland Empire region, as well as to the City of Los Angeles, via the I-71 Chino Valley freeway and the I-60 Ponoma freeway. This freeway access is one of the primary reasons for the industrial market growth in Chino. For travel by air, the Ontario International Airport is a short 8.5 mile or 20-minute drive from Chino. It's the third-largest airport in the Los Angeles metro area and handles over 4.2 million passengers each year.

Chino Demographics

Population

  • Total Population85,609
  • Male Population(59.1 %) 50,581
  • Female Population(40.9 %) 35,028
  • Median Age36.60

Income/Financial

  • Average Household Income$91,109
  • Median Household Income$75,530
  • Median Income Under 25$58,587
  • Median Income 25-44$77,831
  • Median Income 45-64$84,738
  • Median Income Over 65$53,022

Residential Rents in Chino, CA

As with most cities in the U.S., housing in Chino continues to become more expensive, with housing values rising each year. The increasingly expensive purchase prices of homes combined with the steady resident population and job growth has caused the number of residential rental units in Chino to more than double over a 12-month period. Rents for one-bedroom units are just below $1,600 per month, while two-bedroom units go for more than $2,000 per month.

News

  Commercial real estate construction in the Golden State has been booming since 2011. However, the latest Allen Matkins/UCLA Anderson forecast survey found that industrial development in California is entering a cooling-off period. Given the growing impact of the e-commerce sector on the region...

  It’s been quite a fruitful year so far for industrial real estate in the U.S. According to the National Real Estate Investor, total industrial sales are expected to exceed 2016 levels this year, marking the second-best volume in 10 years. Large portfolio deals are also making a comeback, and b...

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