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Oakland and Walnut Creek dominated investment sales in 2017

  • ​East Bay investment sales volume totaled more than $1.5 billion in 2017, primarily driven by activity in Oakland’s CBD and Downtown Walnut Creek, the region’s core submarkets. CIM Group’s purchase of Uptown Station was one of the East Bay’s notable high watermark sales in 2017 at $472 per square-foot, 45.7 percent higher than the last trade in 2015 ($324 per square-foot). The region’s overall sales volume increased 21.1 percent since 2010.

  • Investors are more active in BART-centric areas of the market compared to areas where access to transit, amenities, and talent are limited. In Walnut Creek, many “BART assets” traded in 2017 and were valued higher on a per-square-foot basis. New owners are elevating rents with plans to renovate and upgrade properties, driving rent momentum throughout the market. Investment activity should continue to pick up this year as several top tier and creative class buildings are currently on the market, including Growers Square in Downtown Walnut Creek and 2100 Powell Street in Emeryville. 


Source: JLL Research, Real Capital Analytics, Q4 2017​




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