SAN FERNANDO VALLEY
Granada Hills, Lake View Terrace, Mission Hills, Pacoima, Porter Ranch, San Fernando, and Sylmar
Rent Rate (sf/mo)
Leasing Activity SF
Vacant Available SF
SOURCE: CoStar
- Q2 - 2023
- Q2 - 2024
- Q2 - 2025
Leasing Market Overview
MEASURING Q2 2025The San Fernando Valley’s retail market remains steady, with availability rates ticking up to around 5% in 2025, slightly above the long-term average and reflecting recent store closures. Single-tenant spaces are tight, with vacancies below 3%, while multi-tenant availability has edged just above 6%.
Over the last five years, the Valley has actually lost retail space as older properties are repurposed for mixed-use or housing. New development is minimal, with less than 50,000 SF under construction.
Rents have grown about 15% over five years, but gains have slowed recently and are expected to stay flat for now. The market is maturing, with limited new supply and continued demand driven by the Valley’s dense residential base and strong transportation access.
SNAPSHOT OF LEASES SIGNED
| No. | Signed Date | Start Date | Address | SF Leased | Rent/SF/Mo | Months on Market | Leasing Rep Company |
|---|---|---|---|---|---|---|---|
| 1 | Jun-25 | Jul-25 | 18403-18419 Ventura Blvd | 900 | $2.95 | 9 Mos | illi Commercial Real Estate |
| 2 | Jun-25 | Jul-25 | 6625 Reseda Blvd | 1,694 | $2.50 | 5 Mos | Lee & Associates Commercial Real Estate |
| 3 | Jun-25 | Aug-25 | 11112-11160 Balboa Blvd | 5,397 | $3.75 | 2 Mos | illi Commercial Real Estate |
| 4 | Jun-25 | Jul-25 | 7562 Laurel Canyon Blvd | 1,400 | $2.25 | 3 Mos | illi Commercial Real Estate |
| 5 | Apr-25 | May-25 | 9934-9936 Commerce Ave | 1,266 | $1.97 | 5 Mos | Pacific West Business Properties, Inc. |
| 6 | Apr-25 | May-25 | 14441-14457 Roscoe Blvd | 1,036 | $2.53 | 4 Mos | illi Commercial Real Estate |
| 7 | Apr-25 | Jun-25 | 18436 Saticoy St | 1,000 | $0.17 | 2 Mos | United El Segundo, Inc. |
| 8 | Apr-25 | Jun-25 | 7138 Shoup Ave | 1,000 | $2.55 | 18 Mos | illi Commercial Real Estate |
| 9 | Apr-25 | May-25 | 18541 Sherman Way | 1,240 | $2.50 | 2 Mos | Peak Commercial |
| 10 | Apr-25 | May-25 | 13561-13563 Ventura Blvd | 1,100 | $2.95 | 8 Mos | Paley Commercial Real Estate, Inc. |
SOURCE: CoStar
