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

Leasing Activity SF

Vacant Available SF

SOURCE: CoStar 

  • DEALS LEASED 2021
  • DEALS LEASED 2022

Leasing Market Overview

Comparing 2021 vs 2022

Santa Clarita is one of the few markets that have reported a positive increase in leasing deals (+14.9%) and square feet (+35.5%). After such a strong year in retail, the economic downturn will catch up to Santa Clarita as CoStar data reports a steep decline in leasing activity in 2022Q4.

With no upcoming developments in the area and an increasing vacancy rate, landlords may be looking to revise their rental rates to attract retailers in their area, as rates peaked at an all-time high ($26.65/SF) in 2022Q4.

SNAPSHOT OF LEASES SIGNED

No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Dec-22 Jan-23 27637-27661 Bouquet Canyon Rd Santa Clarita 1000 9 Mos Spectrum   Commercial Real Estate…
2 Dec-22 Mar-23 28207-28237 Newhall Ranch Rd Valencia 11090 76 Mos Spectrum Commercial Real   Estate…
3 Dec-22 Jan-23 28207-28237 Newhall Ranch Rd Valencia 2000 4 Mos Spectrum Commercial Real   Estate…
4 Dec-22 Jan-23 28207-28313 Newhall Ranch Rd Valencia 1275 47 Mos Spectrum Commercial Real   Estate…
5 Dec-22 Jan-23 28251-28275 Newhall Ranch Rd Valencia 1275 4 Mos Spectrum Commercial Real   Estate…
6 Dec-22 Jan-23 23360-23380 Valencia Blvd Valencia 1200 $36.00    15 Mos NAI Capital
7 Dec-22 Jan-23 23130 Lyons Ave Santa Clarita 890 $18.00    24 Mos illi Commercial Real Estate
8 Nov-22 Dec-22 27651 Lincoln Pl Santa Clarita 2002 8 Mos NAI Capital
9 Nov-22 Dec-22 27651 Lincoln Pl Santa Clarita 1397 8 Mos NAI Capital
10 Nov-22 Dec-22 27651 Lincoln Pl Santa Clarita 1574 8 Mos NAI Capital
11 Nov-22 Nov-22 28200 Bouquet Canyon Rd Santa Clarita 600 9 Mos Del Rey Urban
12 Nov-22 Dec-22 25636 The Old Rd Valencia 3000 51 Mos SRS Real Estate Partners
13 Nov-22 Dec-22 25636 The Old Rd Valencia 3000 20 Mos SRS Real Estate Partners
14 Nov-22 Dec-22 23566 Lyons Ave Newhall 1100 10 Mos illi Commercial Real Estate
15 Oct-22 Dec-22 24631 Arch St Santa Clarita 750 $21.00    6 Mos Realty Executives Commercial
16 Oct-22 Dec-22 18533-18569 Soledad Canyon Rd Canyon Country 7703 18 Mos NAI Capital
17 Oct-22 Nov-22 18533-18569 Soledad Canyon Rd Canyon Country 1454 39 Mos NAI Capital
18 Oct-22 Nov-22 24525 Copper Hill Dr Santa Clarita 1890 23 Mos Spectrum Commercial Real   Estate…
19 Oct-22 Nov-22 24130-24182 Lyons Ave Newhall 1800 $37.20    25 Mos Lion Properties, LLC
20 Oct-22 Apr-23 23885-23889 Newhall Ranch Rd Valencia 2982 2 Mos NAI Capital

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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