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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 Commission Sides with Institution Ale Over Controversial Neon Sign
Institution Ale co-owner Shaun Smith stands near his Santa Barbara brewery’s controversial neon sign. (Joshua Molina / …
The Independent: Institution Ale Gets to Keep the Neon
Institution Ale's Ryan Smith and son Shaun Smith at the family's new State Street location. Photo: Paul …
Radius Insight: Q2 2019 Market Report
Summary of market insights and analysis from Q2 2019 South Coast commercial sales and leasing activity: Download the complete report here …