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Oakland Economic Dashboard Q2 2016

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Quarterly Economic Dashboard Q2 2016 April - June
Employment
Unemployment Rate
5.2%
Employment
Q2 2015: 5.7%
200,233
Q2 2015: 197,533
Source: State Employment Developent Department, Q2 2016
Wages
This table shows the mean annual wage by occupation in Alameda County.  Most Oakland residents (72.5%) work outside Oakland. About half of working Oakland residents are employed in Alameda County (49%).
Alameda County Mean Annual Wage by Occupation (2016)
The average wage for all occupations in the County is $62,947. More than half of all County jobs are in the five lowest wage categories: Transportation, Manufacturing, Healthcare Support, Personal Care and Food Prep.
Sales Tax
Real Estate Transfer Tax
$11,620,100
Revenues collected and reported every quarter include Sales Tax, Real Estate Transfer Tax, and Transient Occupancy Tax. Due to the time needed for state collection and analysis, sales tax reporting for this quarter reflects spending during the previous quarter (Q4 2015. )
$22,370,845
Sources: City of Oakland Revenue Department, HdL Companies
Quarterly City Revenues: Calendar Year Q2
City Revenue Streams   2013-2016
TOT Tax (Hotels)
$8,476,788
Fiscal Year End Revenue Review: FY2015-2016
Quarterly Revenue  
Fiscal Year 2015-2016 ended in June. The City of Oakland saw a substantial increase in this year's Real Estate Transfer Taxes as well as a continued increase in Transient Occupancy taxes. Sales taxes have declined primarily as a result of low fuel costs.
Residential Real Estate
Commercial Real Estate
Residential Building Permits
Development Pipeline
Industrial Vacancy: 2.8% Rent/square foot: $8
East Bay: 4.8%, $10
Retail Vacancy: 2.8% Rent/square foot: $23.75
East Bay: 3.6%, $24.34
Office Average Rents/Square Foot
Quarterly Rent Average
Median Single Family Home Price
$73.05 (SF)
$32.28 (OAK)
$28.43 (East Bay)
Office Vacancy Rates
8.0% (SF, East Bay)
5.2% (OAK)
2,000 Units Under Construction 10,323 Units Approved 17,231 Units in Pipeline
695,591 Square Feet Under Construction 2,368,187 Square Feet Approved 3,388,495 Square Feet in Pipeline
H
1
C
20
Sources:HdL Companies, JLL, Zillow, CoStar Market Analytics, City of Oakland Planning & Building Department. Dashboard Compiled by Economic and Workforce Development Department. Contact or Subscribe: [email protected]
Housing
Commercial
Office Vacancy: 5.2% Rent/square foot: $ 32.28 Downtown: 3.7%, $43.76
East Bay: 8.4%, $28.43
Monthly Rent ($)
Sales Price ($)
(As of April 2016)