the sign of a Profitable Property

Market Report: Santa Clarita


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


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

Leasing Market Overview


The retail submarket in the Santa Clarita Valley currently has a vacancy rate of 4.9%, showing a decrease of 0.3% over the last year. During this period, 47,000 square feet of space have been occupied, while 2,500 square feet of new space have been added. When accounting for sublease space, the total availability of retail space is 5.8% of the overall inventory.

Neighborhood Centers hold the largest share among the different types of retail spaces in this submarket, comprising approximately 5.8 million square feet.

The average rental rates for these retail spaces are approximately $32.00 per square foot, which reflects a 1.9% increase compared to a year ago. Over the past three years, rents have experienced a cumulative growth of 9.2%.


No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Apr-23 May-23 22620 Lyons Ave 4,200 2.50 11 Investment Properties
2 Apr-23 May-23 26046 Bouquet Canyon Rd 2,000 2.40 3 Mark Shiva
3 Apr-23 May-23 18917 Soledad Canyon Rd 700 1.90 3 RE/MAX of Santa Clarita
4 Apr-23 Jul-23 23925-23961 Newhall Ranch Rd 10,436 23 NAI Capital
5 May-23 Jun-23 20655 Soledad Canyon Rd 1,833 1.75 61 Spectrum Commercial Real Estate
6 May-23 Jun-23 22928-22946 Lyons Ave 1,100 1.60 13 AZUL
7 May-23 Jun-23 22903-22921 Soledad Canyon Rd 1,465 1.95 27 NAI Capital
8 Jun-23 Jul-23 19317-19415 Soledad Canyon Rd 950 2.50 36 illi Commercial Real Estate
9 Jun-23 Jul-23 19317-19415 Soledad Canyon Rd 1,500 2.25 30 illi Commercial Real Estate
10 Jun-23 Jul-23 23738-23742 Lyons Ave 8,986 1.50 45 RE/MAX of Santa Clarita


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.