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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
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 …
Pacific Coast Business Times: Radius Q1 report highlights record-breaking sales volume
Santa Barbara County’s South Coast commercial real estate market started off the new year with a bang, carried by the largest …