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Santa Barbara Commercial Real Estate Stats – Q4 2022
- CRE Sales: 25 (vs 43 in Q4 2021)
- Largest Commercial Sale: $14.4 Million
- Sales Volume: $105 Million (vs $335 Million in Q4 2021)
Santa Barbara Q4 Vacancy Rates
- Office 9.7% (vs 8.8% in Q3 2022)
- Industrial 0.1% (vs 0.7% in Q3 2022)
- Retail 2.7% (vs 2.7% in Q3 2022)
Q4 Quarterly Absorption (SF)
- Office 33,900 (vs 39,900 in Q3 2022)
- Industrial 31,900 (vs 27,500 in Q3 2022)
- Retail 21,800 (vs 18,000 in Q3 2022)
Average Gross Asking Rates / SF
- Office $3.31 (vs $3.30 in Q3 2022)
- Industrial $3.09 (vs $2.73 in Q3 2022)
- Retail $4.38 (vs $4.42 in Q3 2022)
View the Full Santa Barbara CRE Report
Santa Barbara Economic and Demographic Info & Stats
Santa Barbara’s economic foundation comes from tourism, but there are also other industries in the area, such as: education, health care, government, manufacturing and technology.
- Santa Barbara County Population: 448,900+ Residents
- Average Annual Salary: $59,500*
- Santa Barbara City Population: 88,700+ Residents
- Median Home Price: $464,954* *According to U.S. News & World Report