Feasibility Snapshot: What’s the Coworking Demand in Santa Barbara, California zip code 93117?
We performed a Coworking Demand Analysis for a downtown Portland, Main neighborhood to understand what is and is going to be the most in demand types of coworking. We have some exciting findings for you.
Santa Barbara Zip Code 93117
We focused on the neighborhood of Santa Barbra near Isla Vista neat the coast. It's the neighborhood DenSwap has a 7,500 SF listing for sale for only $85,000. The zip code is 93117 and it had a total of 20,439 of people that would likely be able to join a coworking space. The 15-minute area surrounding the neighborhood had a 55,717 people. The likely coworking base for the neighborhood is 1,226 customers within the zip, but 2,614 within an easy drive.
The average income for the zip code is $114,241 (average indicator for coworking success). the population density is weak for the zip code, and the number of undergraduate degrees was a another weak indicator, but the ratio of graduate degrees was a very strong indicator. The split of the generations living was very skewed to Gen Z due to the university making up 47% of the zip code.
