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Statistically, first quarters tend to produce the fewest sales of the year. However 2016 got off to a solid start with 24 commercial sales during the first three months. To put it into perspective, first quarters over the past 18 years have averaged just 15 sales.
Furthermore, the 24 commercial deals closed during Q1 2016 represents the most prolific first quarter since 2011…
Leasing Summary
As predicted, Santa Barbara’s office vacancy remained flat at 3.6% at the end of the first quarter of 2016, still below the 16-year average of 4.7% vacancy…
Recent News
Noozhawk: Petitions Circulate to Put State Street, Rent Control in Santa Barbara Voters’ Hands
Clipboards and pens in hand, groups looking to challenge two of the Santa Barbara City Council’s biggest decisions this year have hit the… Read more »
News Alert: Santa Barbara City Council Gives Final Approval to Rent Control, 4–3
The Santa Barbara City Council gave final approval to the city’s rent control ordinance on a 4–3 vote at its Tuesday, October… Read more »
Noozhawk: Santa Barbara Council Candidates Discuss Housing Affordability, State Street
Not all Santa Barbara City Council candidates believe that the city shares any responsibility in the housing affordability crisis, a recent candidate forum… Read more »