Santa Barbara Downtown Sublease

Santa Barbara Downtown

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Santa Barbara Downtown Rates

Most listings are in the $40's per square foot per year. The Santa Barbara Downtown submarket is going through a a rise in rates. In the last 3 months, the median rate went up $3 per sqft per year. That's a 8% rise in rent.

Santa Barbara Downtown Listing Supply

In the last 90 days, 7 listings have come on the market, which means new listings might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 14% of the office spaces in the Santa Barbara Downtown are subleases, so you might be able to snag a great spot on a short term. 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 2,360 sqft. Most buildings in this area are close to 2 stories. Most buildings in this market 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 area. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown occupants. Commuting close to 15 minutes a day is the norm for those who opt to reside in this part of town.