Oakland’s Historic Office Sales
the second half of the first quarter with the sale of multiple trophy properties in Downtown Oakland. These sales, paired with a revived leasing pace, launched 2019 in a dynamically positive direction. Office tenants in the market continue to be lured by East Bay asking rates and vacancy levels. Additionally, tenants in the market increasingly see Oakland’s robust infrastructure, public transit options and local amenities as “filling all the boxes” at a meaningful discount to the San Francisco market’s record high rental rates.
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