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 2023The 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