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Office Statistics

United States | Oakland / East Bay, CA

Report | Oakland/East Bay Office Statistics - Q1 2011

Summary

Though overall vacancy in the East Bay is 17.6 percent, certain submarkets are resting on comfortable fundamentals with vacancy rates at 13.0 percent in Oakland CBD, 6.5 percent in Berkeley, and several others below 10.0 percent. Rental rates fared far better on an overall basis with many submarkets throughout the East Bay averaging higher than $25.00 per square foot. With 57,406 square feet of positive net absorption, fundamentals are sure to improve further.

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