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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…
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