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Office Insight

United States | Oakland / East Bay, CA

Report | Oakland/East Bay Office Insight - Q1 2011

Summary

Oakland’s office market continued to see improvements in fundamentals during the first quarter while the tech boom led to an increase in technology deals in Emeryville. However, most of the greater East Bay suburban markets have not begun to see signs of a recovery, as unemployment and reduced consumer spending continue to place pressure on local economies.

Oakland’s momentum is expected to continue throughout 2011 as activity grows, reducing vacancy rates and increasing rental rates. For the greater East Bay area, stabilization of fundamentals will provide the market the solid footing required to move into a recovery.

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