public

Loading...

Oakland Economic Dashboard Q4 2017

published by Oakland

Want to create a visual like this?

Get Started
Quarterly Economic Dashboard Q4 2017 Oct - Dec
Employment
Unemployment Rate
3.9%
Employment
Q4 2016: 5.1%
206,900
Q4 2016: 204,567
Industrial Average Rents/Square Foot
$13.50 OAK
$12.70 East Bay
$7.94
US
Data Highlight:Industrial Real Estate
Source: Oakland Economic and Workforce Development, CoStar Market Analytics
This Quarterly issue is highlighting the recent rise in industrial rents, which increased by nearly 60% in 2017.
Residential Building Permits Issued
Development Pipeline
Source: Zillow.com
3,539 units under construction 8,990 units approved 8,249 units under review
Residential Real Estate
2,021,570 square feet under construction 3,225,350 square feet approved 3,705,600 square feet under review
H
 Rent Average on All Homes
1
Median Home Price
Monthly Rent ($)
C
According to real estate research from Zillow.com, the average rent of all properties listed in Oakland hit $3000 in September 2016 and has hovered around that level since then. 
Sales Price ($)
20
Housing
Commercial
For a detailed list of pipeline projects, visit http://www2.oaklandnet.com/government/o/PBN/OurOrganization/PlanningZoning/index.htm
Source: Oakland Planning & Building. New construction only - does not include additions.

Commercial Real Estate
Industrial Vacancy: 4% Rent/square foot: $13.50
East Bay: 3.8%, $13.72
Retail Vacancy: 2% Rent/square foot: $23
East Bay: 3.1%, $25.00
Office Average Rents/Square Foot
$74.27  SF
$47.12 OAK
$35.58 East Bay
Office Vacancy Rates
8.8% East Bay
8.7% OAK
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: 8.7% Rent/square foot: $47.12
Downtown: 9.8%, $54.48
East Bay: 8.8%, $35.58
San Francisco: 8.1%, $74.27
8.1% SF
Sources: City of Oakland Economic & Workforce Development Department, Revenue Department,
TOT Tax (Hotels)
Quarterly City Revenues
Quarterly Revenue
$7,742,105
City Quarterly Revenue Streams  2013-2017
Real Estate Transfer Tax
Sales Tax
  $21,545,300
 $14,963,300