Commercial Real Estate Market in Santa Barbara, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
230 active listings and 3,585 off-market properties in Santa Barbara, CA. Commercial property asks $865/SF to buy and $30.83/SF/Yr to lease.
Market Trends
Santa Barbara, CA spans 364.7 square miles in Santa Barbara County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Santa Barbara, CA asks $486/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Santa Barbara, CA asks $1/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Santa Barbara, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Santa Barbara, CA asks $826/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Santa Barbara, CA has 192,247 residents in 75,553 households. Density runs 527 people per square mile. Median household income here is $112,270 and median gross rent $2,400 a month.
192,247
Population
75,553
Households
2.5
Avg Household Size
37
Median Age
52%
College-Educated
91%
High-School Grad
364.7 sq mi
ZIP Area
527
Density / Sq Mi
$112,270
Median Household Income
$45,659
Median Earnings
$2,400
Median Rent
$1,289,870
Median Home Value
Tools
Nearby Markets
Commercial property in Santa Barbara, CA asks $865/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Santa Barbara?
Commercial property in Santa Barbara, CA asks an average of $865 per square foot. The 3 most recent recorded sales traded at a median of $1,029/SF. Multifamily carries the highest asking price at $826/SF.
How much does it cost to lease commercial space in Santa Barbara?
Asking lease rates in Santa Barbara, CA average $30.83 per square foot per year.
Where does Realmo's Santa Barbara market data come from?
Realmo compiles Santa Barbara, CA figures from 6 recent recorded sales, 145 active sale listings, 85 active lease listings, 3,585 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 145 active for-sale and 85 active for-lease listings in Santa Barbara, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
