“As we observed in our last report, both investor and owner-user purchases have been on the rise, but investor activity has grown at a higher rate.”
Some Q2 Highlights:
- Record year-to-date sales volume continued the trend from late 2021, led by a pronounced return of investors.
- The heavy sales activity spanned all property types (expect commercial land) and locations throughout the South Coast.
- Leasing activity, in general, was on par with recent historical averages, through gross absorption varied considerably by location and property type.
- Office leasing to date was much more active in Santa Barbara than in the neighboring cities; however, Santa Barbara office remains in oversupply.
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