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Oakland Economic Dashboard Q4 2016

published by Oakland

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Quarterly Economic Dashboard Q4 2016 October - December
Employment
Unemployment Rate
5.5%
Employment
Q4 2015: 5.5%
204,567
Q4 2016: 200,000
TOT Tax (Hotels)
Quarterly City Revenues
$7,057,371
Revenues collected and reported every quarter include Sales Tax, Real Estate Transfer Tax, and Transient Occupancy Tax. Although Oakland per capita Sales Tax revenues have been on the rise, they are still substantially lower than Alameda County or California averages.
Quarterly Revenue
$19,855,726
$12,841,152
Sources: City of Oakland Revenue Department, HdL Companies
City Revenue Streams 2013-2016
Real Estate Transfer Tax
Sales Tax
Residential Real Estate
Commercial Real Estate
Residential Building Permits
Development Pipeline
Industrial Vacancy: 2.3% Rent/square foot: $8.48
East Bay: 3.3%, $8.40
Retail Vacancy: 2.7% Rent/square foot: $21.68
East Bay: 3.4%, $25.10
Office Average Rents/Square Foot
Quarterly Rent Average
Median Single Family Home Price
$73.65 SF
$37.05 OAK
$28.82 East Bay
Office Vacancy Rates
7.7% East Bay)
5.1% OAK
2,255 Units Under Construction 14,982 Units Approved 4,928 Units Pre-Application or in Review
2,625,956 Square Feet Under Construction 11,865,615 Square Feet Approved 1,030,855 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/ Industrial
Office Vacancy: 5.1% Rent/square foot: $ 37.05 Downtown: 4.2%, $47.34
East Bay: 8%, $28.82
Monthly Rent ($)
Sales Price ($)
8.2% SF
as of Fall 2016