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 - 2021
- Q2 - 2022
- Q2 - 2023
Leasing Market Overview
MEASURING Q1 2023San Fernando Valley (SFV) is a bustling suburban retail market known for its wide range of offerings, encompassing large malls and a diverse array of retail stores. In the Western SFV submarket, the vacancy rate has remained steady at 5.5% for the past two years. This submarket attracts local-serving businesses and caters to shoppers from various demographic segments, accommodating everything from lower-end dollar stores to high-end luxury goods retailers.
SNAPSHOT OF LEASES SIGNED
| No. | Signed Date | Start Date | Address | SF Leased | Rent/SF/Mo | Months on Market | Leasing Rep Company |
|---|---|---|---|---|---|---|---|
| 1 | Apr-23 | May-23 | 14411-14425 Burbank Blvd | 1,460 | 2.75 | 65 | illi Commercial Real Estate |
| 2 | Apr-23 | May-23 | 14435 Sherman Way | 980 | 3.25 | 12 | illi Commercial Real Estate |
| 3 | Apr-23 | May-23 | 5780 Canoga Ave | 1,738 | 4.50 | 11 | Matthews Real Estate Investment |
| 4 | Apr-23 | Jun-23 | 18143-18155 Ventura Blvd | 2,800 | 2.47 | 0 | Paley Commercial Real Estate, Inc. |
| 5 | May-23 | Jun-23 | 5577-5585 Reseda Blvd | 1,052 | 3.75 | 1 | Newmark |
| 6 | May-23 | Jun-23 | 19930-19960 Ventura Blvd | 900 | 3.85 | 12 | illi Commercial Real Estate |
| 7 | May-23 | Jun-23 | 14901 Vanowen St | 750 | 3.50 | 9 | CBM1 Inc |
| 8 | Jun-23 | Jul-23 | 7138 Shoup Ave | 1,250 | 2.20 | 23 | illi Commercial Real Estate |
| 9 | Jun-23 | Jul-23 | 6301 Sepulveda Blvd | 7,622 | 2.50 | 2 | illi Commercial Real Estate |
| 10 | Jun-23 | Jul-23 | 15235-15249 Roscoe Blvd | 1,148 | 2.00 | 4 | Windfall Realty Group |
SOURCE: CoStar