Friday, November 7, 2008

Santa Barbara Commercial Industrial Vacancy Rates

Below is the latest report from the Radius Group on local Commercial and Industrial Vacancy Rates.

Radius Group Commercial Real Estate is pleased to provide the RADIUS GROUP SOUTH COAST 3rd 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 3rd Quarter 2008.

The following is a summary of Vacancy Rates from July 2008 to October 2008.

Santa Barbara
  • Office Vacancy increased slightly from 3.8% to 4.3%.  
  • Industrial Vacancy increased slightly from 0.4% to 0.6%. 
  • Retail Vacancy remained the same at 1.2% to 1.2%.

  • Office Vacancy remained the same at 9.0% to 9.0%. 
  • Industrial Vacancy decreased slightly from 4.9% to 4.8%.
  • Office Vacancy increased from 2.8% to 3.9%.  
  • Industrial Vacancy decreased 8.4% to 5.8%.  
Please contact Bob Tuler, Paul Gamberdella, or Gene Deering for any commercial real estate related needs. 

Radius Group Commercial Real Estate

205 E. Carrillo Street, Suite 100
Santa Barbara, CA 93101

T: 805-965-5500 Ext.121
F: 805-965-1150







No comments: