the sign of a Profitable Property

Market Report: Santa Clarita

SANTA CLARITA VALLEY

Bridgeport, Canyon Country, Castaic, Cheyenne, Newhall, Santa Clarita Valley, Steveson Ranch, Valencia, Old Orchard, and more.

Rent Rate (sf/mo)

Leasing Activity SF

Vacant Available SF

SOURCE: CoStar 

  • Q1 - 2021
  • Q1 - 2022
  • Q1 - 2023

Leasing Market Overview

MEASURING Q1 2023

The retail submarket in Santa Clarita Valley is currently experiencing a vacancy rate of 5.3%, which marks a 0.4% rise in the last year. Negative absorption has been observed, with 42,000 SF empty, and only 3,000 SF newly built. As for rent, it has gone up to $32.00/SF, showing a 2.5% increase over the previous year and a cumulative 9.0% increase in the last three years. Interestingly, no new construction is underway. However, 26 sales have taken place over the past year, and the market sale price has risen to $413/SF, surpassing the three-year average of $398/SF.

SNAPSHOT OF LEASES SIGNED

No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Jan-23 Feb-23 24525   Copper Hill Dr 1,020 3.5 26 Spectrum Commercial Real Estate
2 Jan-23 Feb-23 17728-17730 Sierra Hwy 1,674 2 8 DAUM Commercial Real Estate Services
3 Jan-23 Feb-23 26057-26069 Bouquet Canyon Rd 1,423 2.25 20 Spectrum Commercial Real Estate
4 Feb-23 Mar-23 25420 The Old Rd 6,000 - 49 SRS Real Estate Partners
5 Feb-23 Mar-23 14550 W. Soledad Canyon Rd 3,500 - 0 NAI Capital
6 Feb-23 Mar-23 18333 Dolan Way 1,500 - 6 Center for Integrated Care
7 Feb-23 Mar-23 25864 Tournament Rd 1,446 1.75 35 Spectrum Commercial Real Estate
8 Mar-23 Apr-23 29675 The Old Rd 1,625 - 32 Regency Centers
9 Mar-23 Apr-23 26850-26910 Sierra Hwy 1,525 2.75 7 NAI Capital
10 Mar-23 Apr-23 27737 Bouquet Canyon Rd 1,026 - 22 Pegasus Investments

SOURCE: CoStar 

Successful Tenants

Meet Phil, owner of Freda’s Pizza & Woodfired Kitchen in Westlake Village, CA. His passion for the craft led him and his partner to create Freda’s Pizza & Woodfired Kitchen, a concept that combines traditional techniques and ingredients with a modern twist.

With a prime location secured, Freda’s Pizza & Woodfired Kitchen was able to hit the ground running and quickly establish itself as a popular destination for pizza lovers.

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