Carpinteria is home to some of the largest private and public companies on the South Coast, including Clipper Windpower, CKE Restaurants and Lynda.com. But the small seaside city has seen its commercial real estate market stagnate over the past year, jumping up to a 14.6 percent industrial vacancy rate.
Online software training firm Lynda.com started moving its headquarters from Ventura in 2009, leasing about 60,000 square feet of office and research and development space in Carpinteria. In late August, it furthered its expansion, buying a 31,553-square-foot office building and 25,921-square-foot warehouse building on Cindy Lane. It will use that property, which was listed for sale at $6 million, for a production studio.
“[Lynda.com] is growing but they’ve already acquired quite a bit of square footage,” said Christos Celmayster, a broker with Hayes Commercial Group who worked with the firm to make the move to Carpinteria. “They’re probably at a point now where they don’t need any more space in the near future.”