East Bay - Oakland industrial real estate market reports
Q4 2023
The industrial real estate market faces a slow increase in availability due to a convergence of rising supply from new construction and diminishing demand. Despite prior success, industrial and flex absorption records significant negative absorption in 2023, reflecting a reversal in market dynamics, with industrial space, which had shown resilience, now experiencing a faster rise in vacancy in the backdrop of a sluggish global economic activity marked by a 10% decline in shipping volume in 2023 compared to 2022.
Availability
Availability is slowly increasing as increasing supply from new construction meets declining demand.
Absorption
Industrial and flex absorption sees significant negative absorption in 2023, a reversal from the success it saw in prior years.
Port Activity
Full container volume out of the Port of Oakland is still down significantly in 2023 compared to 2022.
Your source for the latest East Bay - Oakland industrial market reports
Stay on top of current trends affecting the industrial real estate sector in East Bay/Oakland. Gain an overall better understanding of East Bay/Oakland's industrial real estate market conditions, so you can better formulate strategies to overcome any obstacle and know how to best invest in industrial real estate in East Bay/Oakland.
Here, you’ll always find the latest industrial real estate market news so you can stay ahead. Come back often to see expert insights on the current and future of East Bay/Oakland industrial real estate market.