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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
Santa Barbara News-Press: American Riviera Bank buys Ventura property for its first full-service branch in Ventura County
American Riviera Bank established its first full-service branch in Ventura County. The bank purchased 1220 S. Victoria Ave., continuing its expansion along …
Noozhawk: Santa Barbara Community Weighs in on Proposed State Street Plan
When it comes to State Street, largely considered the heart of downtown Santa Barbara, everyone has an opinion. With the Santa Barbara City …
edhat: Santa Barbara South Coast Commercial Real Estate Sets Record at $361 Million
This marks the strongest performance recorded in the first quarter. Despite the record number, the largest came from two deals: first, the …