East Bay - Oakland industrial real estate market reports
Q2 2024
Despite the success that the East Bay industrial market experienced through the COVID-19 pandemic, ongoing geopolitical conflicts and environmental challenges have brought it all to a halt. Tenant activity for the East Bay have fallen to multi-year lows and available space is approaching multi-year highs. Globally, manufacturing capacity and logistics improvements have decreased lead times for raw materials and components across all sectors, but ocean freight rates remain well above the historical average.
-784K
Net absorption
Q2 2024 falls significantly to the red as tenant demand falls.
9.1%
Availability
Industrial space availability is nearing multi-year highs.
-9.25%
Container volumes
Q2 2024 average monthly full container volume is 9.25% lower than that of Q2 2019.
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