Oakland office insight - Q2 2018

Landlords are continually pushing rents, especially in newly-renovated Creative Class and under construction Class A buildings, where average asking rents are between $5.25 p.s.f. to $6.70 p.s.f. fully serviced. Rates are expected to increase, especially while vacancy is tight. Tenants are considering early renewals, while some are looking at options in more affordable nearby markets like Emeryville or Berkeley.

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