Santa Barbara Multifamily Occupancy Holds Near 98% as Construction Pipeline Thins

Average effective rents climb 2.4 percent year-over-year to $2,736 per month while only 106 units remain under construction across the market Santa Barbara's multifamily market continued to post some of the tightest fundamentals on the Central Coast in the first quarter of 2026, with occupancy holding at 97.7 percent and average effective rents rising to […]