In the case of yet another two-story, massive building on State Street soon to be or already unoccupied, one of the area’s top law firms is fleeing Santa Barbara’s most visible commercial corridor.
The 20,000-square-foot building, which houses Brownstein Hyatt Farber and Schreck at 1020 State St., is looking for a new tenant since the law firm plans to leave this fall for the Union Bank building, 1021 Anacapa Street., commercial real estate sources said this month.
Brownstein Hyatt Farber and Schreck has offices in 10 other cities.
That means the list of large, unoccupied spaces on State Street grows with the closure of Staples, Macy’s and probably next year Sak’s, although some type of tech center is suggested for that building on Carrillo Boulevard and State.
And don’t forget, it was reported in November 2017 that Sonos, 419 State St., had planned to move from its 27,743-square-foot space by earlier this year. So far, Sonos workers still can be seen on State Street. However, they seem to be moving slowly to the wireless sound system company’s Chapala Street location.
Also, the 23,373-square-foot Bank of America building at 834 State St. is for sale.
Some 40 vacancies can be found on State Street, which is the most since the recession. While brokers point to some new blood moving in, the tally of unoccupied space continues to grow even with plans to put temporary, seasonal shops, or “pop-ups,” in spots such as the former Macy’s.
Smaller sites on State Street are continuing to proliferate such as Youth Interactive, a teen entrepreneurial work zone, that has moved up from the Funk Zone. Its new location is in the Clayssens Building, 1219 State St.
However, such a positive symbol is almost overshadowed by the many derelict former restaurant sites that crowd State Street, such as the former Aldo’s, 1031 State St. and Palazzio’s, 1026 State St. Both are permanently closed eyesores along with Cadiz, 509 State St.