Amazon: Santa Barbara’s Newest Addition.
Google: Expands Santa Barbara Office.
Amazon is currently in the process of completing tenant finishes on its 46,816 square feet in the heart of downtown Santa Barbara. They are the newest high tech industry among many, including Google who just increased their office size to 54,648 square feet.
How will the growing tech industry effect Santa Barbara real estate values? Let’s look at how high tech has impacted real estate values in other communities…
“Smart Growth: How the Tech Industry Influences Real Estate”
The article, “Smart Growth: How the Tech Industry Influences Real Estate” in the San Francisco Business Times lays out some compelling data on how high tech dramatically increased Bay Area real estate values. Its packed with good data & well worth the quick read.
“The Tech Effect: How Apple, Google and Others are Pushing Home Pricing and Design to Ever Higher Levels”
The Robb Report article entitled, “The Tech Effect: How Apple, Google and Others are Pushing Home Pricing and Design to Ever Higher Levels” explains how high tech has dramatically increased real estate values in Chelsea, New York; Silicon Beach, Los Angeles and Austin Texas. Another worthy quick read packed with compelling information.
High tech and big business continue to grow in Santa Barbara. UC Santa Barbara is a terrific incubator of top talent. Santa Barbara is a short 30 minute flight to LA and a 60 minute flight to San Francisco. It’s a perfect place to call home. Beautiful weather, clean air, fabulous beaches and no horrible commutes. As more top talent call Santa Barbara home, we too are likely to see the tech effect on our real estate values.
Let’s talk. Wendy Gragg 805.453.3371