the sign of a Profitable Property

Market Report: San Fernando Valley

SAN FERNANDO VALLEY

Granada Hills, Lake View Terrace, Mission Hills, Pacoima, Porter Ranch, San Fernando, and Sylmar

Rent Rate

Leasing Activity SF

Vacant Available SF

SOURCE: CoStar 

  • DEALS LEASED 2021
  • DEALS LEASED 2022

Leasing Market Overview

Comparing 2021 vs 2022

“The Valley” is the king of retail lease volume and activity. However, CoStar data reports 2022Q4 to be the lowest volume of deals and square feet leased recorded. But let’s not ignore the more than healthy low vacancy (4.8%) and high occupancy rates (95.20%) that could result in such low activity.

Upcoming construction (166,917 SF) and a negative net absorption (31,611 SF) can provide retailers with opportunities to find space in this highly sought-after market. With updated retailers in the Northridge Fashion Center, The Village Woodland Hills, and The Vineyards at Porter Ranch, West San Fernando Valley will see higher activity in these areas.

SNAPSHOT OF LEASES SIGNED

No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Dec-22 Feb-23 3575 Cahuenga Blvd Studio City 8,624 $35.40 30 Mos Lee & Associates Commercial Re…
2 Dec-22 Jan-23 8155 Van Nuys Blvd Van Nuys 317 $102.20    13 Mos Shomof Group
3 Dec-22 Jan-23 8155 Van Nuys Blvd Van Nuys 317 $113.56    13 Mos Shomof Group
4 Dec-22 Jan-23 8155 Van Nuys Blvd Van Nuys 339 $138.05    13 Mos Shomof Group
5 Dec-22 Jan-23 8155 Van Nuys Blvd Van Nuys 339 $138.05    13 Mos Shomof Group
6 Dec-22 Jan-23 8155 Van NuysBlvd Van Nuys 339 $138.05    13 Mos Shomof Group
7 Dec-22 Jan-23 19307-19327 Ventura Blvd Tarzana 1,200 $2.50    1 Mo Walden Investments
8 Dec-22 Jan-23 12904-12936 Sherman Way North Hollywood 1,000 $3.50    2 Mos Mos EMB Properties
9 Dec-22 Feb-23 15250 Ventura Blvd Sherman Oaks 5,296 70 Mos Douglas Emmett Management, LLC
10 Dec-22 Dec-22 14855-14863 Sherman Way Van Nuys 1,000 CBM1 Inc
11 Dec-22 Jan-23 18403-18405 Eddy St Northridge 4,000 $28.44    2 Mos Lee & Associates
12 Dec-22 Jan-23 7256 Reseda Blvd Reseda 4,500 $21.00    13 Mos Spectrum Commercial Real Estate
13 Dec-22 Jan-23 6411 Sepulveda Blvd Van Nuys 852 $27.00    26 Mos JS Realty Co
14 Dec-22 Jan-23 6800 Balboa Blvd Van Nuys 570 12 Mos illi Commercial Real Estate
15 Dec-22 Jan-23 12216 Ventura Blvd Studio City 1,760 $61.36    4 Mos Harry Makarian
16 Dec-22 Jan-23 14622 Ventura Blvd Sherman Oaks 1,100 10 Mos Commercial Asset Group (CAG)
17 Dec-22 Jan-23 11647-11669 Glenoaks Blvd Pacoima 1200 $21.24    5 Mos Taft Plaza, LLC
18 Dec-22 Jan-23 21733-21841 Ventura Blvd Woodland Hills 900 18 Mos Retail Opportunity Investments Corp.
19 Dec-22 Feb-23 21733-21841 Ventura Blvd Woodland Hills 2,850 18 Mos Retail Opportunity Investments Corp.
20 Dec-22 Dec-22 9119-9167 Reseda Blvd Northridge 1,185 4 Mos Charles Dunn Real Estate Service…
21 Dec-22 Jan-23 23331-23391 Mulholland Dr Woodland Hills 1,200 29 Mos Regency Centers

SOURCE: CoStar 

Successful Tenants

Meet Tia, owner of Tia Donuts. After leaving Cambodia and arriving in the United States, Tia started working at a donut shop where she learned the basics of baking donuts.

Later after opening her first store in 2005 in San Francisco, she decided to sell it and move to Los Angeles, finding a location in Reseda, between Reseda blvd., and Oxnard st.

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