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Strong rent growth across East Bay’s largest markets/1107/east-bay-8-20-18-strong-rent-growth-across-markets<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/abstract-textured-wall-building.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1107/east-bay-8-20-18-strong-rent-growth-across-marketsStrong rent growth across East Bay’s largest marketsEast Bay exhibited positive rent growth since 2012, led by the region’s core submarkets. Oakland-CBD and Downtown Walnut Creek saw the highest rent growth and are the top performing office markets in the East Bay.
New industrial construction commands 24 percent premium on existing products/1090/east-bay-8-13-18-industrial-strike-prices<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/construction-industrial-foggy-day-cranes.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1090/east-bay-8-13-18-industrial-strike-pricesNew industrial construction commands 24 percent premium on existing productsNew construction is booming in the East Bay with more than 500,000 square feet of delivered product year-to-date and 3.8 million square feet of industrial space currently under construction.
Relief on the horizon for tight industrial market /1013/east-bay-7-9-18-industrial-relief-on-the-horizon<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/industrial-construction-workers.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1013/east-bay-7-9-18-industrial-relief-on-the-horizonRelief on the horizon for tight industrial market A limited supply of aging warehouse space that fails to meet tenants’ needs, combined with strong demand from last-mile delivery services, has created a tight market for industrial space in the East Bay.
Industrial jobs grow as unemployment hits a new low/1002/east-bay-6-25-18-industrial-jobs-grow<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/industrial-two-workers-in-uniforms-and-safety-helmets.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/1002/east-bay-6-25-18-industrial-jobs-growIndustrial jobs grow as unemployment hits a new lowIn May 2018, the Oakland-Hayward-Berkeley Metropolitan Division’s unemployment rate hit a 20-year low of 2.7 percent.
Space is scarce in San Francisco; Oakland is optimistic/952/oakland-5-29-18-scarce-space<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/office-people-working-urban.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/952/oakland-5-29-18-scarce-spaceSpace is scarce in San Francisco; Oakland is optimistic​As San Francisco’s largest developments lease up, such as Facebook’s lease of the entire Park Tower building, space is becoming limited and demand is outpacing supply.
New construction deliveries opening opportunities, but market is still tight/914/east-bay-5-14-18-new-construction<img alt="" src="/united-states/en-us/PublishingImages/Snapshots/construction-plans-drawings.jpg?RenditionID=6" style="BORDER:0px solid;" />/united-states/en-us/research/snapshots/914/east-bay-5-14-18-new-constructionNew construction deliveries opening opportunities, but market is still tightThe two million square feet of new construction deliveries since Q1 2017 are finally creating occupancy opportunities within the market.