ANTELOPE VALLEY MALL 1233 RANCHO VISTA BLVD PALMDALE, CA 93551 www.av-mall.com/leasing ANTELOPE VALLEY GROWING WITH THE FUTURE IN MIND
Antelope Valley’s largest employers include 5 Aerospace/Aviation companies (NASA, Boeing, Lockheed Martin, Northrop Grumman, and Edwards Air Force Base) with over 50,000 employees.
Available, affordable land, an educated workforce, pro-business local government, and easy access via State Route 14 (Antelope Valley Freeway) have made the area home to over 13,000 businesses.
21,000 people commute into Antelope Valley each day to work.
Multi-year defense industry contracts will bring over 3,000 new jobs in the next two years.
FUN FACT Antelope Valley is home to numerous solar farms, some of which are among the largest in the United States.
2 PALMDALE ATTAINABLE GROWTH
130,000 SF Amazon distribution center under development creating hundreds of new part-time and full-time jobs 45% homeownership rate for millennials ranks in the top 10% of U.S. cities (smartasset.com)
st 1 PHASE of the California high-speed rail system will connect Palmdale to Burbank Airport 7,500+ new housing units will be added as two major developments are underway in Palmdale (Antelope Valley Press)
3 TRADE AREA WHY ANTELOPE VALLEY MALL?
Edwards Air Force TRADE AREA HIGHLIGHTS Bakersfield Base • Amazon Distribution Center 1 mile
• High-Speed Rail Station 2.5 miles 14 • Edwards Air Force Base 30 miles
• Westfield Valencia
138 Town Center 38 miles • The Mall at Victor Valley 55 miles
• Downtown Los Angeles 60 miles
Poppy Fields • Bakersfield 90 miles Reserve Lancaster Jethawks Stadium Antelope LANCASTER Valley Lancaster College Soccer Complex
Palmdale International Airport Antelope Valley Mall Amazon Distribution Center PALMDALE
Mall at Victor Valley
14
SANTA CLARITA Downtown Los Angeles Westfield Primary Valencia Town Center Secondary
4 Source: dimension by CBRE DEMOGRAPHICS AND SHOPPER BEHAVIOR
A growing population in a city focused on innovation.
ANTELOPE VALLEY MALL
Average Income • 30 minutes drive time: $83,118 Projected to grow 13.5% by 2025 Population • 30 minutes drive time: 428,905
Daytime Population • 30 minutes drive time: 113,369
Average Annual HH Discretionary Budget • 30 minutes drive time: $71,506
Grocery Spend • 30 minutes drive time: $4,957
Eating Out • 30 minutes drive time: $3,561
Apparel & Services • 30 minutes drive time: $2,022
Source: Esri 2020 & dimension by CBRE 5 *Includes Primary & Secondary Trade Areas
SHOPPER PROFILES
20.5% 15.1% 8.1% 7.7% 7C AMERICAN DREAMERS 7B URBAN VILLAGES 7A UP & COMING FAMILIES 4B HOME IMPROVEMENT
• Median age: 33 • Median age: 34 • Median age: 31 • Median age: 38 • Younger, married couple • Multicultural, • One of the fastest-growing • Married-couple families families, with children and multigenerational, and markets in the country, 350% make up over half of often grandparents, multilingual households above national average suburban households of hispanic origin • Comfortable with technology • Younger, mobile and • Spend heavily on eating • Multigenerational family and interested in the latest ethnically diverse families out, at both fast food and homes, 101% above national innovations, but more likely with 2 or more workers in family restaurants average to shop in person the household • Enjoy home improvement • Average spending by this • Style conscious and pursue • Seek the latest and best in and decor projects as 79% segment is 20% above trends, spending liberally on technology and style own their own home national average new clothes for entire family • Very comfortable with • Leisure time includes family new technology, embrace activities like movies and completing tasks on mobile playing sports device
6 Source: 2020 Esri & dimension by CBRE THE MIX ANTELOPE VALLEY MALL
DINING
ENTERTAINMENT
SHOPPING
7 SITE PLAN ANTELOPE VALLEY MALL
Major 5
Property Capsule Aerial 8 JOIN US!
John Stevens Mark McGaughey Senior Transaction Manager First Vice President 415.351.1226 818.502.6785 [email protected] [email protected] CA Lic.: 01914492 CA Lic.: 00418549
CBRE, Inc. 234 S. Brand Blvd., Suite 800 Glendale, CA 91204
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