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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
The Giving List: Women’s Economic Ventures Relocates to Downtown Santa Barbara with New Office Lease
When Women’s Economic Ventures (WEV) occupies its newly leased 3,500+ SF space on the entire third floor of the historic El Centro… Read more »
Santa Barbara Independent: The Post-Pandemic State of Santa Barbara Office Space
For a while there, and for obvious reasons, Santa Barbara’s office-space market was ice cold. Companies had no idea how or when… Read more »
Noozhawk: Brian Johnson: Open Houses Open for Business
So many of us have been looking forward to June. School is out, kids have graduated, and vacation plans are being put… Read more »