2019 Year-End Report
COMMERCIAL SALES: Record volume tops $500 million
The South Coast commercial sales market soared into uncharted territory in 2019, as dollar volume (excluding hotel property) exceeded $500 million, surpassing the next highest annual total by $140 million. The bulk of the volume proceeded from the office sector, particularly in Goleta, where the stars aligned to produce a series of high-priced sales. The ongoing trend of greater owner-user activity in the market reached a new level, while investor demand for acquisitions in the small and medium price range was tepid. Continue reading here.