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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: Bizhawk: COVID-19 Crushes Commercial Market
From April through June, the South Coast recorded just nine total sales of commercial property, a drop from 15 during the …
Santa Barbara News-Press: Goleta council votes unanimously to submit letter for homekey program
California’s Homekey program is an effort to rapidly sustain and expand housing for people experiencing homelessness and impacted by COVID-19. There is …
Radius Insight Q2 2020 Market Report: Corona Crisis Curbs Enthusiasm
Please download the complete Q2 2020 market report here or contact your Radius broker for more information. South …