Highlights
- The average rent for office space in Santa Barbara is $38.78 per square foot, 14.14% higher compared to the previous year.
- The market’s vacancy rate stands at 11.14%, lower than the state average of California, which is 18.44%.
2025 Office Space Rent & Sales
- $38.78 2025 Avg. Asking Rent
- 14.14% Y-o-Y Avg. Asking Rent Change
- 11.14% 2025 Office Vacancy Rate
What is the average asking rent price for office space in Santa Barbara?
Average asking rents for office space here stand at $38.78 per square foot. The local office market recorded an average vacancy rate of 11.14% in 2025, unchanged from 11.14% in 2024.
Santa Barbara, 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.
Office Construction in Santa Barbara, CA
What are the largest recent office completions in Santa Barbara?
The largest recent office completion here is Paseo Nuevo at 292,358 square feet, completed in 1990. The next largest completions are Santa Barbara Business Center and 3700 & 3660 State Street.
| Office building | Address | SF | Completed |
|---|---|---|---|
| 28 W Figueroa St | 28 W Figueroa St, 93101 | 5,008 | 2021 |
| 523 Chapala St | 523 Chapala St, 93101 | 1,469 | 2008 |
| 1021 Anacapa Street | 1021 Anacapa Street, 93101 | 29,500 | 2001 |
| Paseo Nuevo | 701 State Street, 93101 | 292,358 | 1990 |
| Santa Barbara Business Center | 201 North Calle Cesar Chavez, 93103 | 90,000 | 1989 |
| The Platform | 126 East Haley Street, 93101 | 31,714 | 1979 |
| 3916 State Street | 3916 State Street, 93105 | 25,788 | 1978 |
| 1616 Chapala Street | 1616 Chapala St, 93101 | 3,656 | 1978 |
| 3820 State Street | 3820 State Street, 93105 | 32,000 | 1970 |
| 3700 & 3660 State Street | 3700 State Street, 93105 | 34,459 | 1967 |
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
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- Oakland Office Rent Price
- Palo Alto Office Rent Price
- Santa Monica Office Rent Price
- Pasadena Office Rent Price
- Redwood City Office Rent Price
- Walnut Creek Office Rent Price
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- Beverly Hills Office Rent Price
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.