2022 Second Quarter Market Report


“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.

For your copy of Hayes Commercial Group’s Market Report or to discuss your portfolio planning for 2022, email liam@hayescommercial.com

Author: Liam Murphy

Liam Murphy is a partner at Hayes Commercial Real Estate and supports many national clients in their commercial real estate needs. He holds the distinguished Certified Commercial Investment Member (CCIM) designation as a recognized expert in the disciplines of commercial and investment real estate. Less than 6 percent of the commercial real estate practitioners nationwide have earned the CCIM designation.

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