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.”

If the dearth of supply in Los Angeles didn't already make this an attractive option for tenants, pricing will. It is a lower cost alternative to Los Angeles and the adjacent San Fernando Valley. “Our project location is five miles from the intersection of  the 405 Freeway and Interstate 5, and is essentially right next door to the San Fernando Valley,” Balestra says about the project. “We are much closer than most people realize being only 15 minutes from Burbank Airport  and most of the Greater San Fernando Valley, with a reverse commute advantage.”

For TCC and Clarion, the site's most attractive quality is its location and access to all parts of Los Angeles. “The Center at Needham Ranch is located along the 14 Freeway at Newhall Avenue at the southern entrance to the City of Santa Clarita within one mile of the intersection of Interstate 5 and Highway 14, 30 miles from Downtown Los Angeles and 15 miles from Burbank Airport,” says Balestra. “Our project directly links to all areas within the San Fernando Valley and Greater Los Angeles County population centers with nearly 5.3 million people living within a 30-minute commute from this site with outstanding accessibility from numerous major highways including the 5, 14, 405, 210, 118 and 126, in addition to Metrolink access via the Newhall Station in close proximity. With a strategic location for manufacturing and distribution within the greater L.A. and Southern California regions and beyond, access to abundant skilled labor, and low crime and a high quality of life, we are excited to deliver a best-in-class project to the City of Santa Clarita community which at full build out will create thousands of employment opportunities for local residents.”

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.”

If the dearth of supply in Los Angeles didn't already make this an attractive option for tenants, pricing will. It is a lower cost alternative to Los Angeles and the adjacent San Fernando Valley. “Our project location is five miles from the intersection of  the 405 Freeway and Interstate 5, and is essentially right next door to the San Fernando Valley,” Balestra says about the project. “We are much closer than most people realize being only 15 minutes from Burbank Airport  and most of the Greater San Fernando Valley, with a reverse commute advantage.”

For TCC and Clarion, the site's most attractive quality is its location and access to all parts of Los Angeles. “The Center at Needham Ranch is located along the 14 Freeway at Newhall Avenue at the southern entrance to the City of Santa Clarita within one mile of the intersection of Interstate 5 and Highway 14, 30 miles from Downtown Los Angeles and 15 miles from Burbank Airport,” says Balestra. “Our project directly links to all areas within the San Fernando Valley and Greater Los Angeles County population centers with nearly 5.3 million people living within a 30-minute commute from this site with outstanding accessibility from numerous major highways including the 5, 14, 405, 210, 118 and 126, in addition to Metrolink access via the Newhall Station in close proximity. With a strategic location for manufacturing and distribution within the greater L.A. and Southern California regions and beyond, access to abundant skilled labor, and low crime and a high quality of life, we are excited to deliver a best-in-class project to the City of Santa Clarita community which at full build out will create thousands of employment opportunities for local residents.”