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It’s official. The regional commercial real estate market is no longer safe from the greater struggle.
Radius Group Commercial Real Estate in Santa Barbara recently released a second-quarter report tracking South Coast commercial real estate activity over the last six months, and the numbers aren’t good.
Until now, real estate agents have remained relatively upbeat about the state of the market, reporting positive figures amid plummeting residential real estate sales and values. But recent commercial data has taken a turn.
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