Santa Barbara Downtown Retail

Santa Barbara Downtown

Office Space Market Report

Number of Listings (last 90 days)
29
Median Rate ($/sqft/yr)
$40
Median Size (sqft)
2,400
As of: February 23, 2017

Santa Barbara Downtown Rates

The typical asking rate per listing is in the $30's per square foot per year. The Santa Barbara Downtown submarket is experiencing a decrease in rates. In the last 3 months, the median rate fell $5 per sqft per year. That's a 13% decline in rent.

Santa Barbara Downtown Listing Supply

In the last 90 days, 34 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 6% of the office spaces in the Santa Barbara Downtown are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard measurement for office space in this area is around 1,920 sqft. Most buildings in this region are approximately 2 stories. Most buildings in this region were built in 1968 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 folk. Commuting close to 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