East Bay/Oakland office market report

Q3 2024

The East Bay office market continues to struggle in Q3 2024, with asking rates hitting new post-pandemic lows and availability rising for the seventh consecutive quarter. Tenant demand remains weak, with leasing activity at its lowest since the start of the pandemic and negative absorption worsening. Suburban markets like Berkeley and Pleasanton are recovering faster than Oakland, but the high supply and struggling market in San Francisco is likely to prolong the East Bay urban recovery despite easing interest rates.

$4.23 FS

Asking Rates

East Bay office asking rates fall again for the third consecutive quarter, reaching a new post-pandemic low.

25.4%

Availability Rates

East Bay availability rates rise for the seventh quarter in a row as tenant activity falls to its lowest point in years.

-249K sf

Net Absorption

Q3 2024 marks the fifth consecutive quarter of negative net absorption, worsening even more over the previous quarter.

DOWNLOAD EAST BAY OFFICE MARKET REPORT

Your source for the latest East Bay/Oakland office market reports

Get in-depth office market reports and insights from commercial real estate experts in the Greater East Bay/Oakland area. Avison Young advisors look at East Bay/Oakland commercial real estate activities and the latest East Bay/Oakland statistics to provide you expert market research on East Bay/Oakland's office properties.

Explore different topics like the latest office market pricing trends and analysis of East Bay/Oakland's current office real estate market conditions. Gain a better understanding of East Bay/Oaklands office real estate outlook and stay ahead of current office space trends. Make smart decisions when it comes to investing in office properties in East Bay/Oakland's competitive office real estate market. Avison Young is your trusted source for commercial real estate office market insights in East Bay/Oakland.