Quarterly Economic Dashboard
April - June
Source: State Employment Developent Department, Q2 2016
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.
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. )
Sources: City of Oakland Revenue Department, HdL Companies
Quarterly City Revenues:
Calendar Year Q2
City Revenue Streams 2013-2016
Fiscal Year End Revenue Review: FY2015-2016
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 Building Permits
Industrial Vacancy: 2.8%
Rent/square foot: $8
Retail Vacancy: 2.8% Rent/square foot: $23.75
Office Average Rents/Square Foot
Median Single Family Home Price
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
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]
Office Vacancy: 5.2%
Rent/square foot: $ 32.28
Downtown: 3.7%, $43.76