Quarterly Economic Dashboard
Oakland's unemployment level has dropped dramatically in the last five years, from 17.1% in Q1 2010 to 6.3% in Q1 2015. It has continued to fall into Q2 (April-June).
In the last year, the City added almost 12,500 jobs, while the size of the working population increased by 4,400.
$32,297,846 (Q4 2014)
Last Year: $32,345,229
Last Year: $12,973,533
Last Year: $2,863,500
Sales taxes have increased since last year, and the Transient Occupancy Tax, based on hotel occupancy, is rising substantially. Real Estate Transfer Taxes were higher in Q1 2014 due in part to a higher transfer volume during Q1 2014. Sales tax reporting lags one quarter for collection and analysis and is reported for Q4 2014.
Sources: CA State Employment Development Department, City of Oakland Revenue Department, HdL Companies
Industrial Vacancy: 5.2%
Rent/square foot: $8.31
Retail Vacancy: 3.2% Rent/square foot: $21.80
Office Average Rents/Square Foot
Zillow Rent Index-- All Homes
Median Single Family Home Price
Office Rents have crept above the East Bay average this quarter, but remain less than half of San Francisco.
Units in pipeline are approved, under review or in pre-application discussion with the Planning Department.
Housing: 11,000 Units 835 units under construction or recently completed
Commercial: 3.5 Million square feet 681,000 sf under construction
Sources:HdL Companies, Zillow, CoStar Market Analystics, City of Oakland Planning & Building Department. Dashboard Compiled by Economic and Workforce Development Department. Contact: [email protected]