Greater Oakland Office Market Report
Net absorption in the fourth quarter of 2025 totaled negative 31,964 square feet, marking the 14th negative quarter out of the last 15. Vacancy increased by 20 basis points to 22.8% in the fourth quarter of 2025. No new office construction projects commenced in the Greater Oakland market during this period, with active development and leasing primarily driven by life science facilities.
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East Bay Industrial Market Report
The industrial market experienced 138,290 square feet of negative absorption in the fourth quarter of 2025 mainly due to space coming back onto the market in San Leandro. Vacancy rates increased 40 basis points to 8.8% in the fourth quarter of 2025. Much of the vacancy was in warehouse/distribution, and R&D buildings. Overall availability rates remained stable.
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