Monday, July 21, 2008

South Coast Vacancy Rates

The Tuler/Gamberdella Team from Radius Group Commercial Real Estate has released their Quarterly Review of the commercial markets on the South Coast. Check them out!

Radius Group Commercial Real Estate is pleased to provide the RADIUS GROUP SOUTH COAST 2nd Quarter 2008 REVIEW for the commercial markets of Santa Barbara, Goleta and Carpinteria. Included in the report are the largest leased properties and largest vacancies in each city during the 2nd Quarter 2008.

The following is a summary of Vacancy Rates from April 2008 through June 2008.

Santa Barbara

Office Vacancy increased slightly from 2.9% to 3.8%.
Industrial Vacancy remained the same at 0.4% to 0.4%.
Retail Vacancy increased slightly from 1.1% to 1.2%.


Office Vacancy increased from 8.6% to 9.0%.
Industrial Vacancy increased from 4.5% to 5.9%.


Office Vacancy increased from 2.5% to 2.8%.
Industrial Vacancy increased from 2.8% to 8.4%.

Please click here to view the detailed report for the changes in lease rates, the largest lease transactions and current vacancies.

Please contact Bob Tuler (805) 879-9605, Paul Gamberdella (805) 879-9622, or Gene Deering (805) 879-9623 for any commercial real estate related needs.

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