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Oakland Skyline boasts lowest vacancy in the U.S.

  • Market conditions are tight in Oakland, especially in Skyline buildings, where rents have pushed past historic peaks and vacancy rates are the lowest in the U.S. Demand from local and San Francisco-based tenants is driving asking rents to the $60.00 mark, up 75.0 percent since 2012, placing Oakland in the top 10 markets for rent growth.
  • Recent leasing activity suggests that vacancy rates are expected to dip below four percent by 2018, prompting developers to break ground on long-awaited office projects that will bring as much as one million square feet of space to the market during the next two years. After landing anchor tenants, construction is progressing on two new office projects. 601 City Center began construction this year and is the first new high rise office building in over a decade, while 1100 Broadway is set to break ground next year.​

Source: JLL Research, Mapbox​

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