Santa Clarita, the Next Inland Empire

The Santa Clarita market is becoming a popular destination for industrial developers, who are looking for space for industrial projects to accommodate the soaring demand in Los Angeles. Trammell Crow Co. and Clarion Partners have teamed up to develop The Center at Needham Ranch, a 4.2-million-square-foot industrial project on a 54-acre land site. Santa Clarita is in close proximity to Los Angeles and its network of freeways, and has access to the Burbank Airport, making it an ideal site for an industrial projects.

“With the industrial vacancy rate in the Greater Los Angeles industrial market at all-time lows, occupiers seeking scarce state of the art facilities in immediate proximity to the large Los Angeles consumer population with have been migrating to  the Santa Clarita Valley for many years, where there is land available for new industrial  development,” John Balestra, SVP with TCC, tells GlobeSt.com. “There are tremendous resources available to businesses in the Santa Clarita Valley including job training, financial incentives and streamlined permitting and a much lower cost of doing business with no gross receipts tax, utility user tax, business license fees and other costs.”