Santa Barbara Office Vacancy Drops to 9.5% as Net Absorption Rebounds in Q1 2026

Colliers reports that the 5.75-million-square-foot market absorbed nearly 38,000 square feet during the quarter, nearly reversing the prior quarter's losses, while sublease availability fell to a four-year low The Santa Barbara office market regained its footing in the first quarter of 2026, posting 37,655 square feet of positive net absorption after a difficult fourth quarter […]