Submarket Snapshot: Conejo Valley

Los Angeles /
Feb.February 15, 2016 05:20 PM

The Conejo Valley submarket, which spans both southeastern Ventura County and northwestern Los Angeles County, saw its vacancy increase in the fourth quarter, according to a report by Colliers International.

The market, which is made up of 104 office buildings and 6.5 million square feet of space, saw 15.7 percent total vacancy in the fourth quarter, up from 14.9 percent in the third. Its vacancy was slightly higher than the San Fernando/Ventura market average of 15.4 percent.

The Conejo valley saw 79,700 square feet of leasing activity and negative absorption of 50,300 square feet.

No construction was completed in the fourth quarter, but almost 121,000 square feet was underway.

Rents in the submarket were $2.29 a square foot a month.


Related Articles

arrow_forward_ios
GI Partners' Rick Magnuson and One Wilshire (GI Partners, One Wilshire)
Here’s how much tenants are paying at One Wilshire in DTLA
Here’s how much tenants are paying at One Wilshire in DTLA
Link Logistics' Luke Petherbridge with 5200 Sheila Street (Link Logistics, iStock)
Aerospace outfit leases 115K sf warehouse in Commerce
Aerospace outfit leases 115K sf warehouse in Commerce
Bicycle Hotel and Casino (google Maps, iStock)
Investor scores $210M for Bell Gardens casino deal
Investor scores $210M for Bell Gardens casino deal
Dollinger Properties' Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images)
$54M for Santa Clarita retail center
$54M for Santa Clarita retail center
1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn)
New owner wants to enlarge controversial Glendale hotel project
New owner wants to enlarge controversial Glendale hotel project
Coretrust Capital Partners' Thomas Ricci, Randall Scott and John Sischo; 444 S. Flower Street, Los Angeles (444 South Flower, iStock, Coretrust Capital Partners)
Coretrust leases 44K sf of offices to law firms in DTLA
Coretrust leases 44K sf of offices to law firms in DTLA
80 South Street (Wikipedia)
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Steve Soboroff and U.S. Rep. Karen Bass (Getty)
Soboroff endorses Bass
Soboroff endorses Bass
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...