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 

  • Q2 - 2023
  • Q2 - 2024
  • Q2 - 2025

Leasing Market Overview

MEASURING Q2 2025

Santa Clarita’s retail availability has edged up to 6.1% in Q3, just below its 10-year average, following recent store closures like Joann Fabrics. Single-tenant availability is at 5%, while multi-tenant space is near 7%. Over 50,000 SF was added to the leasing market in early 2025, with a net inventory gain of 150,000 SF over the past five years and 20,000 SF under construction.

Rent growth has slowed, with a modest 0.4% increase over the past year and 13.7% total growth over five years. Rents aren’t expected to rebound to historical averages until after 2027, mirroring trends across Greater Los Angeles.

SNAPSHOT OF LEASES SIGNED

No. Signed Date Start Date Address SF Leased Rent/SF/Mo Months on Market Leasing Rep Company
1 Jun-25 Jul-25 28207-28313 Newhall Ranch Rd 1,275 $4.50 4 Mos Spectrum Commercial Real Estate, Inc
2 Jun-25 Jul-25 27125 Sierra Hwy 320 $3.50 12 Mos Spectrum Commercial Real Estate, Inc
3 Jun-25 Jul-25 19317-19415 Soledad Canyon Rd 2,426 $2.25 50 Mos illi Commercial Real Estate
4 Jun-25 Jul-25 19317-19415 Soledad Canyon Rd 3,364 $2.25 72 Mos illi Commercial Real Estate
5 Jun-25 Jul-25 23120 Lyons Ave 900 $1.75 11 Mos illi Commercial Real Estate
6 Jun-25 Jun-25 27530 Newhall Ranch Rd 2,000 $3.50 25 Mos NAI Capital
7 Apr-25 May-25 19317-19415 Soledad Canyon Rd 1,500 $2.00 9 Mos illi Commercial Real Estate
8 Apr-25 May-25 28200 Bouquet Canyon Rd 2,600 $1.01 9 Mos R&S Management
9 Apr-25 May-25 28050 Hasley Canyon Rd 1,285 $2.83 11 Mos InSite EFS, LLC
10 Apr-25 May-25 19317-19415 Soledad Canyon Rd 3,000 $1.85 92 Mos illi Commercial Real Estate

SOURCE: CoStar 

Successful Client

We recently sat down with Paul, founder of The Collar Club, to hear the powerful story behind his brand and its mission-driven growth. With the help of illi’s Rachel Adams, Paul expanded his concept by leasing a new location for Collar & Comb at 8490 Santa Monica Blvd, West Hollywood, CA 90069.

What began as a deeply personal journey with his service dog Cavalino has evolved into a full suite of luxury pet service brands, including Collar & Comb, Collar & Foam, Collar & Home, Collar & Click, Collar & Chauffeur, and more.

Watch the full story and meet the man behind California’s top-rated pet grooming brand.

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