East Bay - Oakland industrial real estate market reports
Q4 2021: While more muted than recent quarters, the East Bay saw positive net absorption again this quarter.
The importance of Port of Oakland to the U.S. has positioned the East Bay industrial sector to continue its growth, see consistent growth in rents and as a place for future construction to take place.
While more muted than previous quarters, Q1 2022 still shows signs of recovery as the East Bay has had positive absorption in 4 of the last 5 quarters.
Inventory grew by nearly a half million sf from last quarter, with another 2.5m sf of space under construction.
Sublease vacancies dropped below 1% for the first time since the beginning of the Covid-19 pandemic.
Both available direct and sublease square footage has dropped below the levels at the beginning of the Covid-19 pandemic.
Direct asking rates
Rents in the East Bay have grown 24.4 percent year over year.
While per sf prices have continued to rise, sales volumes in Q1 2022 decreased noticeably.
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