Sales: Strongest Q1 since 2011
Leasing: Asking rates highest in Santa Barbara since 2007 Multifamily: $33 Million sale sets record for Santa Barbara
4/21/14 Santa Barbara, CA – As we predicted, the combination of limited supply and hungry buyers started the year with a bang.
The first quarter of 2014 was undoubtedly the strongest first quarter we have seen in three years. The 23 commercial sales recorded easily trumps Q1 2012’s 11 deals and Q1 2013’s 14 transactions.
If this pace continues—with inventory remaining low and investors poised to pounce—2014 could produce the greatest number of commercial sales in the South Coast in more than 17 years.
