Santa Maria and its surrounding area is a rapidly growing community. The average sale price for homes starts at about $250,000. Those interested in renting can expect to pay $900 to $1,500 for one and two-bedroom unfurnished apartments or duplexes. Two and three-bedroom houses range between $1,300 and $2,000. The average cost of utilities for a typical house, depending on usage, would be approximately $300 per month. For more information, please click here.
New Residential Housing
For a list of information on residential projects in the development process, please click here.
Real Estate Market Activity
Like most areas, Santa Maria is begining to rebound from a transitional market phase in residential real estate. Homes are affordable in Santa Maria.
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The industrial inventory base is over 7,000,000 square feet, with a vacancy rate of 8.5%. Average costs for lease rates are negotiable, depending on location.
Santa Maria Retail has a vacancy rate of about 9.7%, with strip rental at $1.20 per square foot. Lease rates on new retail pads are at about $3.50 to $4.00 per square foot.
The Office Vacancy rate is 12.2%
Throughout the Santa Maria Valley there are numerous parcels available for commercial and industrial use. Excellent commercial parcels are located on high traffic volume streets and the industrial parcels are in developed, permit ready, industrial parks.
Recent Commercial Real Estate Listings
To browse commercial listings from local sources, please click here.
For more information on the availability of commercial space, please email firstname.lastname@example.org or call Dave Cross at ext. 817; email@example.com.
New Commercial/Industrial Projects
For a list of information on commercial/industrial projects in the development process, pleaseclick here.
Santa Maria Airport Business Park
The Santa Maria Airport Business Park is a proposed 40- to 50-year development project of the Santa Maria Public Airport District. The project proposes to utilize approximately 740.0 acres of the total 2,526 acres within the existing boundary of the Santa Maria Public Airport. The Santa Maria Airport Business Park will combine light industrial, research, manufacturing, and commercial type land uses around an 18-hole golf course. Additional uses will include retail opportunities and government facilities. Large areas of open space are being reserved for recreational or conservation uses, and a portion of the project area is set aside as a biological preserve.
Santa Maria has the best of both worlds for shoppers. The city’s historic civic center and downtown area abound with specialty shops, antique malls and service-oriented businesses. Over twenty retail developments are sprinkled throughout the city, providing services, shops and restaurants for convenient access to all residents. Santa Maria is also home to the Town Center Mall, a regional shopping center boasting over fifty retail stores including Macy’s and Sears. J.C. Penney Shopping Center and the newly built The Common’s Shopping Center featuring Kohl’s Department store adds to the shopping choices Santa Maria has to offer. New shopping sites and restaurants are springing up all over Santa Maria as well.
Also to be found in Santa Maria are retail chains such as Target, Wal-Mart, Kohl’s, Office Depot, Home Depot, Best Buy, Costco and Staples.