Q2 2020 East Bay Market Report

The East Bay market is experiencing signs of a downturn, but not
nearly as significant as the San Francisco market. East Bay rental
rates and vacancy increased, Q/Q sublease inventory remains
largely unchanged, and net absorption decreased. Clearly not all
metrics experienced declines - Biotech and similar fields have found
themselves in a very friendly environment. With overwhelming demand
for a COVID-19 vaccine, and an already strong area for Biotech, the
East Bay area is solidifying itself as a hub for developing medicine
and vaccines. Industrial and logistics facilities are also on the rise with
buildings such as 5441 International Blvd. undergoing an aggressive
pre-leasing phase, indicative of a strong industrial market.