2023 Office Space Rent & Sales
- $34.13 2023 Avg. Asking Rent
- 13.03% 2023 Office Vacancy Rate
Santa Barbara office price per square foot in 2023 was $34.13 on average. The local office market recorded an average vacancy rate of 13.03% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2023 Average Office Rent per Square Foot
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Santa Barbara, CA Office Asking Rents by Class
Office Spaces for Rent in California
Coworking Spaces in California
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2023 Office Construction in Santa Barbara, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Lyon Building | 27 East Cota Street, 93101 | 56,246 | 2005 |
| 410 State Street | 410 State Street, 93101 | 26,000 | 1992 |
| Santa Barbara Business Center | 201 North Calle Cesar Chavez, 93103 | 90,000 | 1989 |
| The Platform | 126 East Haley Street, 93101 | 31,714 | 1979 |
| Plaza del Oro | 351 South Hitchcock Way, 93105 | 50,103 | 1978 |
| 3916 State Street | 3916 State Street, 93105 | 25,788 | 1978 |
| 1616 Chapala St | 1616 Chapala St, 93101 | 3,656 | 1978 |
| 3820 State Street | 3820 State Street, 93105 | 32,000 | 1970 |
| 1501-1517 Chapala Street | 1501 Chapala Street, 93101 | 32,724 | 1969 |
| 3700 & 3660 State Street | 3700 State Street, 93105 | 34,459 | 1967 |
Worth noting among recent office completions on the Santa Barbara market is Lyon Building, which is currently the largest new office development in the city, at 56,246 square feet.
See reports for other markets
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- Beverly Hills Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Santa Barbara commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.