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The second quarter of 2017 came to a close with 18 sales, considerably short of the first quarter’s strong haul of 31 transactions which was the strongest first quarter we have seen in the last 18 years. This brings the first half of the year to 49 total deals. That said, the first half of the year was only 4 transactions shy of tying 2014 for the most prolific first half we have ever recorded…
Leasing Summary: Large Allergan building sublease shrinks Goleta’s industrial vacancy rate
…Goleta (as expected) experienced a major drop in industrial vacancy, plummeting from 3.8% in Q1 to a low of 0.9% in Q2, matching Santa Barbara’s vacancy rate. With this drop we saw a positive absorption of 28.6% over last quarter. The drop in vacancy is largely attributable to the 105,257 SF sublease at 71 S. Los Carneros Rd. by the biotech firm Apeel Technology, Inc…
Recent News
Noozhawk: Santa Barbara Commission Sides with Institution Ale Over Controversial Neon Sign
Institution Ale co-owner Shaun Smith stands near his Santa Barbara brewery’s controversial neon sign. (Joshua Molina / …
The Independent: Institution Ale Gets to Keep the Neon
Institution Ale's Ryan Smith and son Shaun Smith at the family's new State Street location. Photo: Paul …
Radius Insight: Q2 2019 Market Report
Summary of market insights and analysis from Q2 2019 South Coast commercial sales and leasing activity: Download the complete report here …