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United States | Oakland / East Bay, CA

Report | Oakland Office Insight - Q4 2015

Summary

The arrow continues to point up for the Oakland metro area as we enter 2016, with strong leasing and sales activity expected to continue going forward. We really don’t expect to see to any market softening here for at least 24 months.

In the last 12 months alone, Oakland’s seen more than a 25 percent increase in leasing activity—including three separate Q4 lease agreements from Aduro Biotech, Union Bank and Dentons US that totaled more than 100,000 square feet.

Prospective tenants are having to look towards alternative submarkets like Alameda, Berkeley and Emeryville to find reasonable rent rates as supply continues to shrink in the CBD—causing a rental rate jump of more than 33 percent year-over-year.

Learn more about what’s happening—and what we expect to occur in the coming months—across the Oakland office market in our Q4 US Office Insight.

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