Market Report: Santa Clarita

Retail rents in Santa Clarita have risen steadily to $2.21 per square foot, reflecting strong tenant demand in this growing suburban market. The vacancy rate remains healthy, with 499,213 square feet available and a 9.9% vacancy rate, signaling a balanced supply-demand environment. Leasing activity in the last few quarters has been robust, particularly among mid-sized retail spaces catering to the area’s growing residential base. This submarket presents significant potential for both investors and tenants: investors can expect continued rent growth and solid returns, while tenants will benefit from moderate pricing and the availability of high-quality retail locations.