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As many have probably noticed, sleepy Santa Barbara has an unusual amount of development projects either underway or breaking ground soon. We have seen a backlog of moth-balled projects — some of which have been 20+ years in the making — which are now moving forward as a result of an improving economy, available financing and political will.
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Leasing Summary
The South Coast leasing market has enjoyed a stable and healthy pace in 2015 with most average gross lease rates up slightly and vacancy mainly in the single digits.
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Recent News
Santa Barbara Independent: CommUnify Purchases Former Grace Lutheran Preschool Building in Santa Maria to Expand Child Care Services in North County
Press releases are posted on Independent.com as a free community service. CommUnify and its Board of Directors are pleased to announce… Read more »
Santa Barbara Independent: Santa Barbara Rent Control—What the Rent Freeze and the 2027 Ordinance Mean for Multifamily Owners
On July 28, the Santa Barbara City Council returned to its permanent rent stabilization ordinance — its first session on the subject… Read more »
News Alert: Monte Vista Townhomes Sells for $12.325M in Ventura’s Largest Commercial Real Estate Sale of 2026
Radius Commercial Real Estate closed the sale of Monte Vista Townhomes, a 52-unit multifamily community at 10965–10997 Del Norte Street in… Read more »