Santa Barbara Downtown Office Space

Santa Barbara Downtown

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$86
Median Size (sqft)
240
As of: August 20, 2017

Santa Barbara Downtown Rates

On average, listings lease in the $80's per square foot per year. The Santa Barbara Downtown region is experiencing a a rise in rates. In the last 3 months, the median rate increased $39 per sqft per year. That's a 84% rise in rent.

Santa Barbara Downtown Listing Supply

In the last 90 days, 29 listings have been posted online, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 41% of the available leases in the Santa Barbara Downtown are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 240 sqft. Most buildings in this area are approximately 2 stories. Most buildings in this market were built in 1964 and are Class A.

Santa Barbara Downtown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Real estate is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown occupants. Commuting around 15 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Santa Barbara Downtown.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Santa Barbara Downtown.
Research