Q4 2019 East Bay Occupiers Guide
The East Bay market continues to be in an upward trend, with average rates maintaining growth, overall decreases in vacancy, and many local economic metrics outperforming national ones. The Oakland- Fremont-Hayward unemployment rate registered at 2.7%, below the national rate of 3.6%. The East Bay economy added over 20,000 jobs, year-over-year. Square places 150,000 SF of space at Uptown Station on the sublease market, with an asking rate of $7.17. There were no construction completions in the Oakland market, a trend which has continued for three quarters. Record sale prices in Oakland CBD have been driving increases in rents.