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Oakland

Oakland Office Market at a Crossroads

In previous years, many tenants from San Francisco fled to Oakland seeking lower rental rates.

Within the next two years, Oakland’s office market is poised to welcome more than 1.5 million square feet of new and renovated space. The city’s office vacancy reached record lows in recent years and now hovers at 4 percent for Class A space in downtown, according to brokerage CBRE. In previous years, many tenants from San Francisco fled to Oakland seeking lower rental rates, but now many of the new leases are expansions from tenants such as WeWork, Delta Dental and Oracle that want a foothold...

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