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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
News Alert: Oxnard’s Hill Street Apartments Sell After Decades of Family Ownership
A 48-unit apartment property at 450, 508 and 516 West Hill Street in Oxnard’s Kamala Park neighborhood has sold for… Read more »
Q3 2026 Market Report: Google Expands in Goleta as Central Coast Commercial Real Estate Remains Selective
Google’s $32.5 million acquisition of a commercial campus in Goleta was the largest South Coast commercial real estate sale in the… Read more »
Noozhawk: Petitions Circulate to Put State Street, Rent Control in Santa Barbara Voters’ Hands
Clipboards and pens in hand, groups looking to challenge two of the Santa Barbara City Council’s biggest decisions this year have hit the… Read more »