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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