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Tight market conditions prompt multifamily development in the East Bay

  • ​Tight market conditions, including vacancy below 4.0 percent, have prompted a wave of new multifamily construction in the East Bay. Much of the market’s new development is located in Oakland, which offers an urban living environment and close proximity to San Francisco. Development is also concentrated further east in the Dublin/Pleasanton area, where the convergence of several freeways offers accessibility to both San Francisco and the Silicon Valley.​
  • Rising rents have made the market attractive to developers. Rent growth in the East Bay has been stronger than many other parts of the Bay Area. Still, rents are lower and the area is relatively affordable compared to other parts of the Bay Area.

Source: JLL Research, Axiometrics, Q3 2017​

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