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
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
Rent Average on All Homes
Median Home Price
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.
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
$35.58 East Bay
Office Vacancy Rates
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
Sources: City of Oakland Economic & Workforce Development Department, Revenue Department,