How is the future out look of Palmdale California? (Los Angeles: salons, real estate)

[Steve]

I am interested in investing (real estate/small business) in this city and would like to hear from everybody. I have personally never been to Palmdale myself and I am not very fond of this city. I have heard from many people however of this city's investment potentials.

What kind of small business would thrive in Palmdale? How does a small beauty shop sound? Is there a demand for such business?

How is the commercial real estate in Palmdale?

Where can I find some up-to-date Palmdale city facts? Such as po****tion, ethnicity groups, and commercial real estate price/demands.

[Marshall]

Steve: Use this link to get a detailed report on Palmdale:

http://www.city-data.com/city/Palmdale-California.html

[Steve]

Marshall, thank you for the link, but I already saw demograph from 2003. That is also how I found this forum .

I have requested the latest demograph of Palmdale to the city's planning department. Hopefully, they'll get back to me ASAP.

[Steve]

Well, yesterday my realtor and I visited Palmdale/Lancaster and we both agreed, the city is growing fast. We met up with a local real estate broker who took her time to showed us around and explained to us the benefits and the possible future forecast of this growing city. We learned a lot and I am now even more interested in investing in this city.

[the organist]

I am not new to the Los Angeles area, however I have not spent any time in the Palmdame area. I just know that it is at the edge of the Desert and wondered just how fast this city is growing? Is this not the area where the Air force or NASA used to occupy for the purposes of building spacecraft, spacesuits and the like? Is this city now more resedetial that I have known it to have ever been? I am only now looking into the demographics and may be interested myself, as the southern parts of the Valley are now becoming very populated and housing in Los Angeles itself is not only very pricey, but so difficult to find what you either like or can afford.

[Steve]

Originally Posted by the organist

the southern parts of the Valley are now becoming very populated and housing in Los Angeles itself is not only very pricey, but so difficult to find what you either like or can afford.

yes it has.

did you request the latest demograph from the city of palmdale or are you looking at the 2003 demograph posted by Marshall?

[Rick]

Hi Steve,
I just recently invested in a small portion of about 160 acres in Palmdale so any info you may come by, please share with me.

[Steve]

which part if you dont mind me asking.

i'm pretty upset that i still have not received the demograph from plamdale. i'm going to have to give them another call tomorrow. they told me it'll take about 4 days. its been over 2 weeks now.

[kle_2001]

2.7.1 Demographic Trends
Palmdale has experience strong population and housing
growth over the last ten years, driven largely by immigration
and rapid economic growth in the southern California region.
However, the Palmdale housing market has been and continues
to be dominated by for-sale, single-family detached units with
families attracted to the area by relatively affordable homeownership
opportunities. Larger households containing five or
more persons have been the fastest growing residential segment
over the last ten years. With the exception of several income
and/or age restricted projects, the development of multi-family
or other high-density products has been minimal.

2.7.2 Employment and Population Growth
Employment growth in Palmdale has also been relatively strong
over the last ten years, creating about 21,000 new jobs during this
period. However, the City has functioned primarily as a bedroom
community, with over 75 percent of the employed residents
commuting to other jurisdictions for work. Consequently,the labor market has not yet attracted a significant number of
younger professionals who live close to work and often seek
more compact residential development options.
Both population and employment growth are projected to remain
strong over the next 15 to 20 years, increasing demand for a
wider range of housing types, including higher density singlefamily,
attached, and multi-family units. Specifically, the City
is expected to gain an additional 51,000 new jobs and 126,000
new residents over the next 20 years. The employment growth
rate is expected to equal to or exceed the population growth
rate over this period and that both growth rates are significantly
higher than Los Angeles County as a whole, suggesting a gradual
reversal in the City’s historical jobs-housing imbalance and an
increasing demand for higher-density development.

2.7.3 Housing Trends
In the near term, small-lot detached homes may be a viable
development option for the area, and more compact units can be
added to the overall development of the area over time. Already
several housing projects in the pipeline indicate emergence of
smaller-lot single-family detached units, moving away from
7,000-square-foot plus lots that have been common in the City.
However, a significant amount of market-rate multi-family
development on the project Site is only expected to be viable
over the long term.

2.7.4 Retail Trends
Although an expanding population base has resulted in strong
demand for additional retail space in the Palmdale area, existing
and proposed retail shopping centers are likely to meet current
demand as well as additional demand in the foreseeable future
term. For example, there are currently eight major shopping
centers in the City totaling 2.6 million square feet of space and
three new major shopping centers currently under construction
that will add an additional 800,000 square feet. In addition,
there are several smaller, local serving shopping centers in a
short driving distance from the Site. Overall, the site is not
competitively located with regard to the development of a local
or regional serving retail center
The most viable option for the retail component of mixeduse
development on the Site is likely to be local serving retail
catering to local residents, nearby employees and commuters.
Specifically, small-retail development in the range of 10,000 to
20,000 square feet may be feasible for the Site, if developed
strategically over time. Tenants could include service retail (e.g.,
dry cleaners or nail salons) as well as eateries (e.g., sandwich
shops or ice cream parlors). The most strategic approach to
retail development on the Site will be to begin with several
small-scale shops and allow other land uses to drive further
addition to the retail in the future.

2.7.5 Office Trends
Although the conventional office market in Palmdale is relatively
small, the City maintains a significant and growing warehouse,
industrial, and to a lesser extent R&D sector. The warehouse and
industrial market is being driven by the City’s large supply of
affordable land and strong labor force characteristics. However,
the significant supply of competitive land, including a 2,000 acre
site nearby planned by the LA Airport Authority as an aviation
related business, makes the market support future warehouse
and industrial development on the project Site questionable.
In addition, these uses are likely to require large, contiguous
parcels that may compete or be incompatible with other types of
development. In the longer term, the Site may be more suitable
for higher density office development driven by a growing
professional sector and transit accessibility.

[packraid]

Hello,
I have lived in Palmdale since 1978. It has grown a great deal. It desperately needs a great eating place on the east side of town because there is absolutly nothing for miles. Everything has been built on the west side. I have relatives and friends who live in Littlerock and the east side of Palmdale and we all have to drive several miles for anything. I know that it would be so busy it could make someone quite wealthy!! Any and all bussiness would be greatly apreciated on the east side. Zip code 93552.