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Oakland Economic Dashboard Q3 2017

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Quarterly Economic Dashboard Q3 2017 July - Sept
Employment
Unemployment Rate
5.1%
Employment
Q3 2016: 5.7%
204,533
Q3 2016: 203,900
Sources: City of Oakland Economic & Workforce Development Department, State Employment Development Department, Oakland Metropolitan Chamber of Commerce and Beacon Economics. Job totals by Industry Sector are for Q2 2016.
Fiscal Year End Revenue Review: 
City Revenues by Category, 2013-2017
$
$
Annual 
Revenue
TOT Tax (Hotels)
Quarterly City Revenues
Revenues collected and reported every quarter include Sales Tax, Real Estate Transfer Tax, and Transient Occupancy Tax. Sales Tax is based on revenue collected for the prior quarter.
Quarterly Revenue
$12,401,640 
Sources: City of Oakland Revenue Department, HdL Companies, Zillow.com
City Revenue Streams  2014-2017
Real Estate Transfer Tax
Sales Tax
Residential Real Estate
Quarterly Rent Average
Median Single Family Home Price
Monthly Rent ($)
According to real estate research from Zillow.com, the median rent of properties listed in Oakland hit $3000 in September 2016 and has hovered around that level since then.
Sales Price ($)
  $20,183,260
 $5,533,365
Commercial Real Estate
Residential Building Permits Issued
Development Pipeline
Industrial Vacancy: 3% Rent/square foot: $11.16
East Bay: 3.7%, $11.75
Retail Vacancy: 3% Rent/square foot: $22.09
East Bay: 3.5%, $25.57
Office Average Rents/Square Foot
$74.22  SF
$46.89 OAK
$33.70 East Bay
Office Vacancy Rates
8.5% East Bay
9% OAK
3,539 units under construction 8,990 units approved 8,249 units under review
2,021,570 square feet under construction 3,225,350 square feet approved 3,705,600 square feet under review
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: 9% Rent/square foot: $46.89 Downtown: 10%, $53.76
East Bay: 8.5%, $33.70
San Francisco: 8.2%, $74.22
8.2% SF
*New construction, not including additions
For a detailed list of pipeline projects, visit http://www2.oaklandnet.com/government/o/PBN/OurOrganization/PlanningZoning/index.htm