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
- Q3 - 2023
- Q3 - 2024
- Q3 - 2025
Leasing Market Overview
MEASURING Q3 2025The San Fernando Valley retail sector continues to demonstrate strong resilience and steady expansion. Rents have gradually increased from $2.66 to $2.84/SF/mo over the 13-quarter period, a steady 6-7% growth. Tenant demand has remained robust, fueled by neighborhood centers, grocery-anchored strips, and automotive corridors that serve as the backbone of the Valley’s retail fabric.
Vacant and available space has risen over time-now exceeding 2.6 million SF-as new supply and redevelopments introduce additional inventory. Still, absorption has been strong, with quarterly leasing activity frequently exceeding 90,000 SF, and some peaks over 200,000 SF in higher-traffic quarters. The volume of deals leased remains healthy (44 to 67 annually in key quarters), reflecting deep tenant activity from service, fitness, and QSR concepts.
The Valley remains one of the healthiest Los Angeles submarkets, balancing consistent rent growth and high deal velocity with manageable vacancy expansion. Its strong population base and consistent consumer spending suggest continued stability through 2026.
SNAPSHOT OF LEASES SIGNED
| No. | Signed Date | Start Date | Address | SF Leased | Rent/SF/Mo | Months on Market | Leasing Rep Company |
|---|---|---|---|---|---|---|---|
| 1 | Sep-25 | Oct-25 | 12737 Glenoaks Blvd | 760 | $2.06 | 7 Mos | illi Commercial Real Estate |
| 2 | Sep-25 | Oct-25 | 8716-8732 Sepulveda Blvd | 6000 | $2.25 | 5 Mos | Paley Commercial Real Estate, I... |
| 3 | Sep-25 | Nov-25 | 6558-6572 Van Nuys Blvd | 3600 | $1.10 | 3 Mos | Paley Commercial Real Estate, I... |
| 4 | Sep-25 | Sep-25 | 14918 Burbank Blvd | 926 | $0.72 | 6 Mos | Odanovich Realty |
| 5 | Jul-25 | Aug-25 | 12326-12334 Ventura Blvd | 975 | $4.74 | 6 Mos | illi Commercial Real Estate |
| 6 | Jul-25 | Aug-25 | 15317-15333 Parthenia St | 1000 | $2.45 | 4 Mos | A & B Property Management |
| 7 | Jul-25 | Aug-25 | 20929 Ventura Blvd | 1964 | $2.00 | 24 Mos | CBRE, Newmark |
| 8 | Jul-25 | Aug-25 | 6130 Laurel Canyon Blvd | 2330 | $2.75 | 66 Mos | Merlone Geier Management, Inc. |
| 9 | Jul-25 | Aug-25 | 17531-17539 Chatsworth St | 1000 | $2.80 | 2 Mos | Michael J Nebel |
| 10 | Jul-25 | Aug-25 | 7057-7059 Reseda Blvd | 1010 | $1.65 | 12 Mos | Gribin Properties |
SOURCE: CoStar
