Santa Clarita, CA Office Overview
The Santa Clarita real estate market includes the Canyon Country, Newhall, and Saugus commercial real estate submarkets. With a population of over 180,000, Santa Clarita is the third-largest city in Los Angeles County and is also part of the large Los Angeles metro region that is home to over 13 million people.
As of mid-2017, the Santa Clarita market encompasses nearly 940,000 square feet of existing office space in properties larger than 50,000 square feet. The commercial real estate market in Santa Clarita, CA, is located just 35 miles northwest of Downtown Los Angeles and offers easy access to the city via the Golden State and Antelope Valley freeways.
Santa Clarita, CA Office Inventory Description
Over the years, Santa Clarita has grown to the point where it now occupies almost all of the Santa Clarita Valley, and was recently ranked by Money magazine as the 18th best place to live among the top 100 cities in the U.S. Because of this, the office inventory in Santa Clarita has developed with a complimentary mix of both Class A and B space. Class A or A+ space in Santa Clarita brings nearly 670,000 square feet of product to the market, while Class B office space contributes over 270,000 square feet more to the total inventory in Santa Clarita CA.
Some of the larger, investment-grade Class A and Class B office buildings in Santa Clarita include the Summit at Valencia - 27202 West Turnberry Lane, the Soledad Professional Center on Soledad Canyon Road, and Lyons Plaza at 23502 Lyons Avenue.
Santa Clarita, CA Commercial Inventory Breakdown
Office Spaces
Total: 4,212,804 SF
By square footage range:
- 50k to 100k SF: 1,863,169 SF / 44.23% of total office
- 100k to 500k SF: 1,539,635 SF / 36.55% of total office
- 500k to 1M SF: 810,000 SF / 19.23% of total office
By class:
- Class A: 2,044,124 SF / 48.52% of total office
- Class B: 2,168,680 SF / 51.48% of total office
Top 10 Largest Office Buildings
in Santa Clarita
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Vista Canyon | SWC Lost Canyon Road & Sand Canyon Road, 91355 | 810,000 | 2023 |
| Tourney Pointe | 27200 Tourney Road, 91355 | 220,000 | 1983 |
| 27027 Tourney Road | 27027 Tourney Road, 91355 | 200,000 | 2003 |
| Plaza Posada | 25044 Peachland Avenue, 91321 | 200,000 | 1975 |
| Logix Headquarters | 27918 Franklin Pkwy, 91355 | 180,000 | 2020 |
| Summit Oaks | 28515 Westinghouse Place, 91355 | 146,385 | 2008 |
| Valencia Town Center III | 24305 Town Center Drive, 91355 | 130,000 | 1998 |
| Valencia Town Center IV | 24200 Magic Mountain Pkwy, 91355 | 125,960 | 2000 |
| Stanford Business Plaza | 28042 Avenue Stanford, 91355 | 118,276 | 1990 |
| Kaiser Permanente Santa Clarita Medical Offices | 26877 Tourney Road, 91355 | 116,901 | 1992 |
Most Recently-Built Office Buildings
in Santa Clarita
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Kaiser Permanente Santa Clarita Medical Offices 2 | 26877 Tourney Road, 91355 | 64,000 | 2018 |
| Facey Medical Office Building | 14550 Soledad Canyon Road, 91387 | 37,000 | 2018 |
| Henry Mayo Education Center | 23803 McBean Pkwy, 91355 | 79,622 | 2013 |
| 21380 Centre Pointe Pkwy | 21380 Centre Pointe Pkwy, 91350 | 31,376 | 2013 |
| Soledad Canyon Professional Center | 17901 Soledad Canyon Road, 91387 | 102,113 | 2012 |
| Summit Oaks | 28515 Westinghouse Place, 91355 | 146,385 | 2008 |
| 27235 Tourney Road | 27235 Tourney Road, 91355 | 36,280 | 2008 |
| Rye Canyon Pointe | 28212 Kelly Johnson Pkwy, 91355 | 78,953 | 2007 |
| Valencia Corporate Plaza - 28480 Avenue Stanford | 28480 Avenue Stanford, 91355 | 51,351 | 2007 |
| Tourney Medical Plaza | 27420 Tourney Road, 91355 | 38,000 | 2007 |
Santa Clarita, CA Green Office Space
For a city with less than 1 million square feet of office space, Santa Clarita has a significant amount of green construction. Nearly 30% of the office buildings in the city larger than 50,000 square feet are green, LEED-certified, or EPA Energy Star-rated. Combined, these properties contribute over 330,000 square feet of green office space to the Santa Clarita commercial real estate market.
One example of a LEED-certified property in Santa Clarita is the Valencia Town Center I. Located in the Santa Clarita Valencia commercial real estate submarket, this Class B property was built in 1995 and contributes over 58,000 square feet of LEED-certified green office space to the Santa Clarita market.
It may come as no surprise to learn that six of the top 30 green office markets in the U.S. are located in California. According to the 2017 National Green Building Adoption Index, over the past 12 years the overall percentage of green office space has grown by nearly 33% on average across these top markets. California offers some of the largest amounts of green office space to both tenants and investors alike.
Santa Clarita, CA's Top Office-Using Sectors
The Santa Clarita office market sees consistently robust demand for space from the top office-using sectors in Santa Clarita of the tourism, healthcare, technology, and education business segments.
- Tourism – Organizations such as Six Flags Magic Mountain and Princess Cruises, along with the wide variety of smaller businesses that they attract, help create demand for office space in Santa Clarita, California;
- Healthcare – Demand for white-collar office space in Santa Clarita also comes from institutions such as the Henry Mayo Newhall Memorial Hospital and Quest Diagnostics;
- Technology – Firms such as Woodward HRT, Boston Scientific, and Aerospace Dynamics International generate demand for white collar office employment in Santa Clarita;
- Education – The Master's College and the California Institute of the Arts help drive the commercial real estate market in Santa Clarita, CA.
Santa Clarita Demographics
Population
- Total Population209,478
- Male Population(49.6 %) 103,918
- Female Population(50.4 %) 105,560
- Median Age36.80
Income/Financial
- Average Household Income$113,636
- Median Household Income$94,282
- Median Income Under 25$47,946
- Median Income 25-44$96,653
- Median Income 45-64$111,311
- Median Income Over 65$59,037
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