Santa Barbara Downtown Sublease

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: March 12, 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 seeing a an increase in rates. In the last 3 months, the median rate went up $5 per sqft per year. That's a 15% increase in rent.

Santa Barbara Downtown Listing Supply

In the last 90 days, 29 listings have been listed, which means new availabilities most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 7% of the available space in the Santa Barbara Downtown are subleases, so you will probably have to focus your search on direct office leases. 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 2,400 sqft. Most buildings in this region are close to 2 floors. 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 area. Commute by walking is the most popular way to get to work amongst Santa Barbara Downtown residents. Commuting approximately 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