Greater Oakland Office Market Report
Net absorption in the third quarter of 2025 totaled positive 130,332 square feet, following 13 consecutive quarters of negative absorption. This is the highest positive absorption in a quarter since fourth quarter 2018. Vacancy dropped to 22.6% in the third quarter of 2025. No new office construction projects commenced in the Greater Oakland market during this period, with active development primarily driven by life science facilities.
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East Bay Industrial Market Report
The industrial market experienced 163,938 square feet of positive absorption in the third quarter of 2025 mainly due to the high leasing activity in Oakland and Newark. Vacancy rates increased 10 basis points to 8.4% in the third quarter of 2025 but overall remained stable. Much of the vacancy was in warehouse/distribution buildings. Overall availability rates decreased 60 basis points to 10.0%.
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