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 (sf/mo)

Leasing Activity SF

Vacant Available SF

SOURCE: CoStar 

  • Q2 - 2021
  • Q2 - 2022
  • Q2 - 2023

Leasing Market Overview

MEASURING Q1 2023

San 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 

Successful Tenants

Meet Gary Kasden, the owner of 6300 Sepulveda Blvd in Van Nuys, CA. Gary’s success story serves as an excellent example of how a tenant can positively impact not only the leased property but also the surrounding properties. As an owner and investor of over a dozen properties across the U.S., Gary is fully dedicated to overseeing his properties and actively involved in every step, ranging from selecting the right tenant to property maintenance and updates.

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