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Westfield Topanga is a 1.588 million square foot regional shopping center located in Canoga Park within the San Fernando Valley of Los Angeles, California. Anchored by Nordstrom, Macy's, Neiman Marcus, and Target, the property reports 95 percent occupancy and a balanced tenant mix of 30 percent luxury, 40 percent mid-market apparel and accessories, 15 percent dining, and 15 percent entertainment and services.
It attracts 13.4 to 15 million annual visitors from a primary trade area exceeding 200,000 residents with a median household income of 105,000 dollars, primarily upper-middle-class families and professionals aged 25 to 54. Recent luxury additions including Prada, Dior, Hermès, and others have supported annual sales near 800 million dollars with average sales per square foot around 500 dollars. Base rents average 10 to 15 dollars per square foot plus percentage rents for stronger performers.
The center benefits from convenient Valley location and accessibility but faces apparel category saturation and e-commerce pressures typical of regional malls.
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Hours of Operation
Hours
| Monday | 10:00 AM — 08:00 PM |
| Tuesday | 10:00 AM — 08:00 PM |
| Wednesday | 10:00 AM — 08:00 PM |
| Thursday | 10:00 AM — 08:00 PM |
| Friday | 10:00 AM — 09:00 PM |
| Saturday | 10:00 AM — 09:00 PM |
| Sunday | 11:00 AM — 07:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographic Profile and Catchment Strength
The primary five-mile trade area encompasses over 200,000 residents with a median household income of 105,000 dollars, dominated by upper-middle-class families and professionals between ages 25 and 54. Broader market data shows 32 percent of households exceeding 100,000 dollars in income across a 1.1 million person population, supporting consistent demand for mid-to-premium retail and dining. This profile favors categories aligned with discretionary spending while limiting appeal for deep-discount formats.
Tenant Mix and Competitive Context
A 30 percent luxury and 40 percent mid-market apparel composition reflects recent expansions in high-end brands alongside established anchors, creating a hybrid positioning that differentiates from pure value or ultra-luxury peers. Nearby competition includes other San Fernando Valley centers, while apparel overrepresentation introduces vulnerability to online shifts and economic fluctuations. Diverse dining and entertainment elements help maintain dwell times around 90 minutes.
Operational Metrics and Leasing Considerations
Occupancy at 95 percent aligns with regional averages, supported by 6,041 parking spaces and multiple annual events. Average rents of 10 to 15 dollars per square foot base plus overage provisions suit established retailers, with sales per square foot averaging 500 dollars. Challenges include potential anchor consolidation risks and infrastructure aging common to large regional properties, though ongoing investments mitigate some operational concerns.
Building Details
Detailed Market Analytics
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Los Angeles, CA
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