Highlights
- The average rent for office space in Goleta is $25.90 per square foot, 1.82% lower compared to the previous year.
- The market’s vacancy rate stands at 14.89%, lower than the state average of California, which is 18.44%.
2025 Office Space Rent & Sales
- $25.90 2025 Avg. Asking Rent
- -1.82% Y-o-Y Avg. Asking Rent Change
- 14.89% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Goleta?
Average asking rents for office space here stand at $25.90 per square foot. The local office market recorded an average vacancy rate of 14.89% in 2025, unchanged from 14.89% in 2024.
Goleta, CA Office Asking Rents by Class
What is the average office rent per square foot by property class in CA?
- Avg. Asking Rent Class A & A+$58.81
- Avg. Asking Rent Class B$37.82
- Avg. Asking Rent Class C$22.26
For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.
What are the largest recent office completions in Goleta?
The largest recent office completion here is Hollister Business Park at 142,382 square feet, completed in 1987. The next largest completions are Tech Park @ Cremona - 125 Cremona Drive and Santa Barbara Corporate Center - GRCI Founders Building.
| Office building | Address | SF | Completed |
|---|---|---|---|
| Fairview Business Center - 420 South Fairview Avenue | 420 South Fairview Avenue, 93117 | 70,566 | 2008 |
| Storke Hollister Research Center | 6950 Hollister Avenue, 93117 | 58,854 | 2000 |
| Castilian Technical Center - 50 Castilian Drive | 50 Castilian Drive, 93117 | 43,000 | 1999 |
| Tech Park @ Castilian | 150 Castilian Drive, 93117 | 66,384 | 1996 |
| Santa Barbara Corporate Center - GRCI Founders Building | 5383 Hollister Avenue, 93111 | 81,956 | 1995 |
| 6500 Hollister Avenue | 6500 Hollister Avenue, 93117 | 74,000 | 1994 |
| Tech Park @ Cremona - 175 Cremona Drive | 175 Cremona Drive, 93117 | 51,023 | 1989 |
| Hollister Business Park | 7402 Hollister Avenue, 93117 | 142,382 | 1987 |
| Tech Park @ Cremona - 125 Cremona Drive | 125 Cremona Drive, 93117 | 82,405 | 1987 |
| Goleta Business Park - 425 & 445 Pine Avenue | 425 Pine Avenue, 93117 | 43,748 | 1987 |
See reports for other markets
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Disclaimer
All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.
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 Yardi Research Data can guarantee that the information provided is complete.