Report | Oakland Office Insight - Q1 2016
Full floors were absorbed quickly across the Oakland metro area as overall leasing activity surged to start the year—especially within the CBD.
Rents for CBD Class A buildings now sit at $51.00 per square foot (as of Q1 2016), a 33.6 percent increase from last year. That’s the strongest year-over-year growth in CBD history.
While interest has come from a number of industries, non-profits and professional services now dominate the majority of demand across the metro area after being priced out of markets across the Bay Bridge.
Learn more about what’s happening right now in Oakland—and what we can expect over the next couple months—by downloading our Q1 2016 US Office Insight.
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