EXECUTIVE SUMMARY
Strong Warehouse-Specific Labor Supply
- The Speedway Commerce Center is in a premium labor supply location for companies looking to access the greatest amount of warehouse and logistics talent in the Inland Empire.
- This provides an optimal location for employers looking to access high volumes of permanent and seasonal hires, or the foundation for multiple tenants.
- Nearly 10% of the labor force is currently in occupations that are already in or easily transferrable to warehouse & distribution positions.
Operational Scalability
- Speedway allows for a potential employer to maximize their operation’s longevity and open the possibility to continue to scale, able to support nearly 5,000 headcount at 70% attrition and competitive wages ($23.50/hour) within just a 30-minute drive-time.
- At just 15-minute drive-time, the site can support 650 headcount; At 45-minutes, upwards of 9,000 total headcount (with similar attrition and wage assumptions as above).
JOB Market Activity
- Market activity in Inland Empire continues to remain higher than pre-pandemic for job posting levels, with large users such as Amazon, UPS, FedEx, Home Depot, etc still posting several hundred jobs per year.
- Although market activity has declined since the peak in October 2020, demand remains strong for positions.
SUPPLY
Inland Empire Talent Mapping
Key Findings
- Speedway is in a premium labor supply location for companies looking to access the greatest amount of warehouse and logistics talent in the Inland Empire.
Transportation and Moving Occupations by Residence
Speedway is strategically located near several high-density warehouse population centers with specific density in Fontana and in nearby Ontario. Access to deep applicant pools of labor force and proximity to major interstates is highly desirable for occupiers.
LABOR PLAN
RISK RATING & MARKET SCORING
Findings
- Speedway secures ample access to large amounts of industrial warehouse talent which comprises nearly 10% of IE’s labor force.
- Because of IE’s immense size, longevity easily reaches preferred risk / 30-years for operations of 500 or greater and is able to sustain highly sizable operations at 30-45 minute drive-times.
Speedway Reaches Preferred Longevity Risk at 15, 30, and 45-Minutes
Able to capture extremely high amounts of workers at various distances, a potential industrial operation’s lifespan would be able to sustain current conditions > 30 years for typical headcount. The site can support nearly 5,000 headcount within just a 30-minute drive-time – this makes the site well positioned for high-demand hiring such as seasonal or e-commerce operations.
