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Congratulations to the Top Power Brokers!
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The Santa Clarita Valley Economic Development Corporation (SCVEDC) invests not just in growing our local businesses but also in attracting great companies to the region. It focuses on industries that provide our residents with high-quality, high-paying jobs.
Bringing businesses to our community takes a combined effort from the SCVEDC and our partners in economic development, including the dedicated commercial real estate brokers who work tirelessly to get these businesses set up at the right location that works for them. Each year, we recognize the top commercial real estate brokers active in the Santa Clarita Valley whose efforts contributed the most economic impact.
Each year, SCVEDC honors top commercial real estate brokers active in the Santa Clarita Valley at our annual Power Broker Breakfast. Along with brokers in attendance, civic leaders and community representatives come out to celebrate our Power Brokers of the Year.
The Power Brokers of 2024 come from seven commercial real estate companies, both local and external, representing transactions in the SCV. The top brokers handled approximately 4M Square Feet (SF) across various retail, office, and industrial deals, highlighting the Santa Clarita Valley as a prime destination for businesses seeking land, modern facilities, and a favorable business climate.
Commercial Markets - Industrial & Office
According to CoStar, in early 2025, Santa Clarita Valley’s industrial real estate sector tightened slightly, with the vacancy rate decreasing from 5.1% (Q1) to 3.7% (Q2) after the first quarter of positive net absorption since Q1 2023. Compared with the broader Los Angeles market’s 6.0% industrial vacancy and the Inland Empire’s 7.7% vacancy in this quarter, SCV remains one of the most in-demand submarkets in Southern California. Despite some tumultuous times for the office market, there have been early signs of recovery, recording positive net absorption of 52,000 square feet over the past two quarters, and a vacancy rate in Q2 2025 of 12.3% compared to 16.96% a year ago. Medical offices are the standout industry keeping the office market moving, followed by professional business services.
Upcoming and Ongoing Development Projects in SCV
Several prominent developments under construction or in the pipeline promise to keep our commercial real estate market on its growth trajectory. To the West, FivePoint Valencia is reshaping the Valley with a 15,000-acre master-planned community, set to deliver over 21,000 homes, 11.5 million square feet of job-generating commercial space, and 10,000 acres of open space and trails in a phased build-out over the next two to three decades.
In Canyon Country, the Sand Canyon Plaza project on an 80-acre site is adding 580 residential units—148 detached homes, 120 townhomes, and 312 apartments—and retail amenities like Sprouts Farmers Market. The proposed Princessa Crossroads Specific Plan also covers 146 acres next to Element US Space & Defense and the new Sheriff's Station. It aims to deliver up to 300 multifamily apartments and 1.5 million square feet of business park, commercial, and light industrial spaces, including extending Via Princessa and making significant infrastructure improvements.
Construction is also underway in the Valencia Commerce Center North of Castaic Junction, with new industrial buildings being built, and additional space in the planning phase. To the South, the Santa Clarita Commerce Center (SCCC) in Newhall broke ground last May and will soon deliver four Class A industrial/warehouse buildings totaling 430,407 square feet on a 22.3-acre site. This space introduction will help the Valley retain expanding employers and attract new large-format users.
SCVEDC and the brokerage community enjoy a natural partnership. From co-marketing and assisting in removing administrative hurdles to providing incentives, the Santa Clarita Valley Economic Development Corporation offers brokers a one-stop resource center. Our free Site Selection Tool allows brokers, business owners, or entrepreneurs to see in real time what facilities are available for lease or sale (office, retail, industrial, etc.).
The SCVEDC team provides professional, unbiased, and confidential consultations and assessments to companies considering relocating to or expanding in the Santa Clarita Valley, as well as their brokers and site selectors.
READ ON: SCVEDC offers downloadable data on our website for commercial brokers (Broker Portal)
When a company selects a new site location, they not only look at concrete features such as space, facilities and growth opportunities, but also at economic and demographic attributes such as the labor pool, population characteristics, prevailing salaries and educational resources. SCVEDC provides authoritative data by working with top researchers and data providers in the field of economic development. We release annual forecasts and monthly updates as well as provide project-based regional data to help companies and brokers close the deal.
Congratulations to all of the 2024 Power Brokers for another incredibly successful year!
The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.
