The Valley Economic Alliance
is your source for everything you need to know about locating or expanding
your business in the San Fernando Valley region. We can assist with the
selection, relocation, development and recruitment information your
company needs at every step of the development process to help you find
the ideal business location.
Sites &
Facilities
Location is one of the most important, and sometimes most difficult,
decisions you can make. As part of its business retention and
expansion program, the Economic Alliance in partnership with the Los
Angeles Economic Development Corporation will conduct a no-cost,
no-obligation and confidential site search in the San Fernando Valley
and throughout Los Angeles County. We also maintain a wide range of
industrial, office and commercial brokerage contacts that can provide
a full range of real estate services.
Industrial, |
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Office Overview
The L.A.-North industrial market witnessed vacancy rates edge higher
during the first quarter, moving from 2.2% to 2.4%. Average rents
increased 6.9%, year over year, reaching a new, five-year high of
$0.77nnn. Gross absorption finished the first quarter with just under 1.4
million square feet of activity, while net absorption finished in negative
territory, losing 219,000 square feet of occupied space.
The L.A.-North office market witnessed vacancy rates rise during the first
quarter, moving from 7.5% to 7.9%. Average rents climbed 12.0%, year over
year, reaching a new five-year high of $2.62 FSG. Gross absorption
increased during the quarter, posting more than 1.0 million square feet of
activity, while net absorption posted a loss of approximately 170,000
square feet of occupied space.
Manufacturing is fourth largest and important because of its large size
and key role in the Valley’s past and future. Other major industries
include Life Sciences, Technology, Professional Services, Food Processing,
Transportation & Logistics.
Permits &
Entitlements
Given the variation and size of the regions cities, the Economic Alliance
is a good place to start to obtain preliminary contact information on
planning, zoning, building and utility information for Calabasas, Burbank,
Glendale, San Fernando and Los Angeles. We can provide community
introductions and direct assistance throughout the permit & entitlement
process. Our business assistance team can help you decide on the best site
for your business by providing:
• Preliminary site evaluations
• Conceptual designs for your company footprint
• Renderings of your building on a site. |
