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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
Santa Barbara City Council Gives Final Approval to Rent Control, 4–3
The Santa Barbara City Council gave final approval to the city’s rent control ordinance on a 4–3 vote at its Tuesday, October… Read more »
Noozhawk: Santa Barbara Council Candidates Discuss Housing Affordability, State Street
Not all Santa Barbara City Council candidates believe that the city shares any responsibility in the housing affordability crisis, a recent candidate forum… Read more »
KEYT: Top Stories: Santa Barbara City Council Candidates Address Housing, Development at Forum
Santa Barbara City Council candidates gathered at Cabrillo Pavilion Thursday to discuss some of the key issues facing the city, including …