The number of vacant storefronts in downtown Santa Barbara edged up from 32 to 35 in the third quarter of 2022, according to Radius Commercial Real Estate.
But there are bright spots: The 1000 block had six vacancies in 2020, but only one today — the former Subway spot at 1021 State St.
The newly opened O’ My Sole and the upcoming L’Antica Pizzeria da Michele are likely to further revive the block, according to Radius.
Radius also noted the opening of Augie’s on the corner of State and Ortega streets.
“This highly visible corner draped in original Jeff Shelton design draws focus away from the recently opened 7-Eleven next door,” Radius reported in its Q3 report. “The city should applaud the dedication of the Augie’s team for reinvigorating an important downtown location.”
The 500 block, however, is facing challenges. It has been one of the strongest blocks, according to Radius, but it now has three vacancies.
“With the Hotel Santa Barbara getting a fresh paint job and Drift Hotel nearing completion, the progressing environment of this block should help buffer the increased vacancy,” Radius said.
Other new restaurants on State Street to open in Q3 were Longoria Wines, State Street Axe Club and Mokutan Japanese.
“Although the city plans to keep the street closed through 2023, a long-term solution remains to be seen as MIG, Inc. consults on the State Street Master Plan,” according to Radius.
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