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Santa Barbara South Coast Commercial Real Estate Stats – Q1 2025

Commercial Real Estate Sales: 12 (vs 27 in Q4 2024)
Sales Volume: $34 Million (vs $107.5 Million in Q4 2024)

Santa Barbara Q1 2025 Vacancy Rates

Office 10.7% (vs 10.3% in Q4 2024)
Industrial 1.0% (vs 1.1% in Q4 2024)
Retail 3.3% (vs 3.2% in Q4 2024)

Santa Barbara Q1 2025 Quarterly Absorption (SF)

Office 44,700 (vs 56,900 in Q4 2024)
Industrial 11,100 (vs 31,600 in Q4 2024)
Retail 17,500 (vs 15,700 in Q4 2024)

Santa Barbara Q1 2025 Average Gross Asking Rates / SF

Office $3.18 (vs $3.16 in Q4 2024)
Industrial $3.32 (vs $3.21 in Q4 2024)
Retail $4.18 (vs $4.06 in Q4 2024)

View the Full Santa Barbara CRE Report

Santa Barbara Economic and Demographic Info & Stats

Santa Barbara’s economy primarily comes from tourism, but there are also other industries in the area, such as: agriculture, health care, education, government, tech and manufacturing.

Primary employers in the area are UCSB, Vandenberg Space Force Base, Santa Barbara city and county governments, Santa Barbara Cottage Hospital, and Chumash Casino Resort.