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SAN FERNANDO VALLEY
INDUSTRIAL SPACE |
Source: Grubb & Ellis, Inc.
INDUSTRIAL SPACE VACANCY RATES
Industrial
Space Vacancy Rate |
Valley
Sub-Market |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
East |
10.0% |
13.5% |
10.7% |
5.2% |
3.1% |
2.0% |
Central |
23.5% |
23.8% |
10.1% |
9.9% |
8.2% |
3.3% |
West |
11.4% |
13.2% |
9.5% |
6.7% |
6.3% |
6.2% |
Source: Grubb & Ellis, Inc. |
INDUSTRIAL SPACE RENTABLE SQUARE FEET
Industrial
Space Rentable Square Feet |
Valley
Sub-Market |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
East |
45,073,000 |
45,073,000 |
44,973,000 |
44,900,000 |
45,200,000 |
45,195,000 |
Central |
23,842,000 |
23,842,000 |
23,742,000 |
21,842,000 |
22,000,000 |
22,234,000 |
West |
30,198,000 |
30,098,000 |
29,698,000 |
30,198,000 |
30,225,000 |
30,442,000 |
Totals |
99,113,000 |
99,013,000 |
98,413,000 |
96,940,000 |
97,425,000 |
97,871,000 |
Source: Grubb & Ellis, Inc. |
Source: CB Commercial Real Estate Group, Inc. 1998 Southern California Real Estate
Forecast
Note: Data is based on all industrial buildings 10,000 square feet and greater.
INDUSTRIAL SPACE STATISTICS - 1997
Industrial
Space Statistics - 1997 |
Community |
Vacancy
Rate |
Available
Sq. Feet |
Rentable
Sq. Feet |
Annual
Sales Leasing Activity |
Arleta/Tujunga |
8.8% |
54,687 |
618,449 |
12,285 |
Burbank |
3.2% |
422,391 |
13,294,602 |
631,417 |
Calabasas |
0.0% |
0 |
1,051,020 |
0 |
Canoga
Park |
4.8% |
321,503 |
6,639,585 |
84,149 |
Chatsworth |
8.1% |
1,701,054 |
20,911,587 |
1,695,444 |
Glendale |
2.7% |
228,630 |
8,375,924 |
132,605 |
Granada
Hills |
9.3% |
4,070 |
43,598 |
0 |
Lakeview
Terrace |
0.0% |
0 |
342,762 |
0 |
Mission
Hills |
5.8% |
4,000 |
69,400 |
0 |
North
Hollywood |
7.6% |
944,196 |
12,356,546 |
458,704 |
Northridge |
3.7% |
147,499 |
4,006,893 |
60,260 |
Pacoima |
3.4% |
189,167 |
5,508,753 |
243,135 |
Panorama
City |
0.0% |
0 |
323,799 |
0 |
Reseda |
2.9% |
11,200 |
386,056 |
0 |
San
Fernando |
2.6% |
117,720 |
4,518,942 |
243,425 |
Sepulveda |
5.3% |
43,466 |
815,623 |
0 |
Sherman
Oaks |
0.0% |
0 |
38,817 |
0 |
Studio
City |
0.0% |
0 |
26,686 |
0 |
Sun
Valley/Sunland |
3.8% |
346,959 |
9,081,764 |
357,337 |
Sylmar |
2.0% |
145,640 |
7,131,490 |
429,311 |
Tarzana |
3.4% |
16,809 |
494,559 |
17,800 |
Van
Nuys |
6.4% |
1,194,210 |
18,680,460 |
619,061 |
Woodland
Hills |
0.3% |
10,488 |
3,705,557 |
89,910 |
Valley
Total /Average |
5.0% |
5,903,689 |
118,422,872 |
5,074,843 |
Source: CB Commercial Real Estate Group, Inc. 1998
Southern California Real Estate Forecast
Note: Data is based on all industrial buildings 10,000 square feet and greater. |
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