“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