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2022 Q2 San Fernando Valley and Ventura County Industrial Research Report

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The Valley Continues its Historic Rental Rate Growth

The San Fernando Valley & Ventura County industrial market continues to see strong tenant demand, posting 174,642 SF of positive net absorption. The overall vacancy rate was unchanged at 0.5% quarter over quarter and 80 basis points below its mark from one year ago. Average asking rates continued to climb with a 22% jump from Q1, closing out the quarter at $1.42 NNN. Development activity remained strong with 622,056 SF under construction. The most populous region of Los Angeles, the Valley is home to major motion picture, music recording and television production companies.

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2022 Q2 San Fernando Valley and Ventura County Industrial Research Report

Download Report