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As many have probably noticed, sleepy Santa Barbara has an unusual amount of development projects either underway or breaking ground soon. We have seen a backlog of moth-balled projects — some of which have been 20+ years in the making — which are now moving forward as a result of an improving economy, available financing and political will.
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Leasing Summary
The South Coast leasing market has enjoyed a stable and healthy pace in 2015 with most average gross lease rates up slightly and vacancy mainly in the single digits.
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Recent News
GlobeSt.com: Commercial Transaction Volumes Drop in Santa Barbara
Commercial real estate transaction volumes have been on a slow decline in Santa Barbara since 2016, when 101 commercial properties traded …
Santa Barbara Independent: State Street: Getting Better, but Still Not Great
Planning director George Buell said the new State Street working group has been brutally honest about downtown’s …
Noozhawk: Santa Barbara’s Accelerated Permit Program Showing Signs of Success
The city of Santa Barbara's accelerated permit program appears to have helped improve business conditions on State Street and Coast Village …