2022 Q2 Report

Quarterly review and forecast covering leasing and sales of commercial real estate – including office, industrial, and retail – for the South Coast of Santa Barbara County.


  • Record year-to-date sales volume continued the trend from late 2021, led by a pronounced return of investors.
  • The heavy sales activity spanned all property types (except commercial land) and locations throughout the South Coast.
  • Leasing activity, in general, was on par with recent historical averages, though gross absorption varied considerably by location and property type.
  • Office leasing to date was much more active in Santa Barbara than in the neighboring cities; however, Santa Barbara office remains in oversupply.
  • Three large tech firms now offering creative office spaces for sublease are likely a bellwether for future increase of office vacancy.