Sale | Radius Commercial Real Estate

Radius Commercial Real Estate Property Listings in Santa Barbara & Surrounding Areas

Santa Barbara Commercial Real Estate Stats – Q2 2022

CRE Sales: 41 (vs 21 in Q2 2021)
Largest Commercial Sale: $104MM
Sales Volume: $254M (vs $90MM in Q2 2021)

Vacancy Rates

Office: 8.5% (vs 9.7% in Q1 2022)
Industrial: 0.5% (vs 0.8% in Q1 2022)
Office: 2.6% (vs 2.8% in Q1 2022)

Quarterly Absorption

Office: 119,500 SF (vs 66,000 SF in Q1 2022)
Industrial: 24,000 SF (8,500 SF in Q1 2022)
Office: 31,000 SF (84,800 SF in Q1 2022)

Average Asking Rates

Office: $3.27 / SF ($3.25 / SF SF in Q1 2022)
Industrial: $2.04 / SF ($2.07 / SF in Q1 2022)
Office: $2.020/ SF ($2.19 / SF in Q1 2022)

View the Full Santa Barbara CRE Report

Santa Barbara Economic and Demographic Info & Stats

Santa Barbara’s economic foundation comes from tourism, but there are also other industries in the area, such as: education, health care, government, manufacturing and technology.

Santa Barbara County Population: 448,900+ Residents

Santa Barbara City Population: 88,700+ Residents

Average Annual Salary: $59,500*

Median Home Price: $464,954*

*According to U.S. News & World Report

36 properties have been found.