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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.
- Santa Barbara County Population: 448,900+ Residents
- Average Annual Salary: $59,500*
- Santa Barbara City Population: 88,700+ Residents
- Median Home Price: $464,954*
- Santa Barbara Unemployment Rate: 8.6%*
- Best Places to Live in CA: #5* *According to U.S. News & World Report
Radius Commercial Real Estate Property Listings in Santa Barbara & Surrounding Areas
Camarillo Retail Real Estate Space
Goleta Multifamily Property for Sale
Isla Vista Multifamily Property for Sale
Santa Barbara Industrial Real Estate for Lease
Santa Barbara Multifamily Property for Sale
Santa Barbara Retail Real Estate Space for Lease
Santa Ynez Commercial Real Estate
Solvang Commercial Real Estate