The San Fernando Valley industrial market in 1Q 2026 shows vacancy edging higher, leasing activity moderating, and net absorption turning sharply negative, while asking rents remain relatively steady across most submarkets. Explore our full San Fernando Valley industrial market report for deeper insights into vacancy trends, demand shifts, and construction activity shaping the region.
1Q 2025 San Fernando Valley Industrial Market: Key Data Points
- Vacancy Rate Rises: Direct vacancy reached 5.0%, up from 3.9% year-over-year.
- Availability Expands: Availability reached 6.7%, a 220 basis point increase from 4Q 2024.
- Asking Rents Hold: Average asking lease rate measured $1.52/SF/month, showing a 3.2% YOY decrease.
- Leasing Activity Softens: Leasing volume totaled 970,657 SF, down 20.5% YOY.
- Net Absorption Drops Deeply Negative: Direct net absorption posted –636,608 SF, compared with –513,234 SF one year prior.
- Sales Activity Slightly Down: Industrial sale transactions reached 571,597 SF, a 9.8% YOY decrease.
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