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Oakland Economic Dashboard Q3 2015

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Quarterly Economic Dashboard Q3 2015 October-December
Employment
Unemployment Rate
5.8%
Employment
Last Year: 8.4%
199,833
Labor Force
212,100
Last Year: 189,233
Last Year: 206,633
Quarterly City Revenues
Sales Tax
Real Estate Transfer Tax
TOT Tax (Hotels)
$11,275,819 (Q2 2015)
The Transient Occupancy Tax, based on hotel occupancy, has more than doubled over this time last year.  Due to the time needed for state collection and analysis, sales tax reporting always lags one quarter and is reported here for Q3 2015. Business and Property revenues are reported annually.
$21,488,187
,
,
,
,
Sources: City of Oakland Revenue Department, HdL Companies
$5,266,481
Residential Real Estate
Commercial Real Estate
Building Permits
Development Pipeline
Industrial Vacancy: 3.6% Rent/square foot: $8.66
East Bay: 5.2%, $9.65
Retail Vacancy: 2.5% Rent/square foot: $22.79
East Bay: 3.4%, $23.22
Office Average Rents/Square Foot
Zillow Rent Index-- All Homes
Median Single Family Home Price
$65.87 (SF)
$25.15 (OAK)
$26.28 (East Bay)
Office Vacancy Rates
9.1%
7.5%
Units in pipeline are approved, under review or in pre-application discussion with the Planning Department.
Housing:  15,504 units in pipeline 1,323 units under construction or recently completed
Commercial:  3.5 Million sf in pipeline 681,000 sf under construction
H
1
C
20
Sources:HdL Companies, Zillow, CoStar Market Analystics, City of Oakland Planning & Building Department. Dashboard Compiled by Economic and Workforce Development Department. Contact: [email protected]
Housing
Commercial
Office Vacancy: 7.5% Rent/square foot: $ 25.15
East Bay: 9.1%, $26.28