2020 Q3 Oakland Industrial Market Research Report

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E-commerce Industry Boom Continues

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The e-commerce industry boom continues to drive the industrial market in the Oakland I-80 / I-880 Corridor. The overall industrial vacancy rate increased in the third quarter of 2020 from 3.4 percent to 3.6 percent. The vacancy rate for warehouses, the property type used most frequently by e-commerce related businesses, declined in the third quarter from 5.1 to 5.0 percent. Gross absorption in the third quarter was 1,323,164 square feet, up slightly from the prior quarter’s 1,313,576 square feet. Overall asking rents increased by $0.05 to $1.06 per square foot per month triple net (NNN) representing the fourth consecutive quarter of increases in asking rents.

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2020 Q3 Oakland Industrial Market Research Report

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Rob Gerard

Senior Research Analyst

Fairfield

Rob joined the Fairfield office of Colliers International in 2010 as a Research Analyst, and previously was with the Santa Rosa office beginning in 2007.  Prior to that, Rob worked at a financial brokerage with a team of financial advisors where he was the team’s lead on research and analysis. 

A few of his many hobbies include traveling, sports, music and cooking, but most of all he enjoys spending time with his family.

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William Chui

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As a Research Analyst in the Oakland office, I help manage our proprietary market database as well as various outside sources of data in order to develop ongoing market trend analyses for our brokers and clients. In addition, I assist in producing the monthly, quarterly and other specialized reports published by our office.

Having studied economics with a specialty in statistics at UC Davis, my role at Colliers allows me to use my expertise in an industry that is economically dynamic, but also very tangible in its impact.  I get a visceral enjoyment knowing so much about the buildings I pass by everyday. 

My professional relationships at Colliers bring me a lot of satisfaction.  I enjoy collaborating with the brokers on behalf of their clients, and work closely with the Oakland research team and other researchers across the region. 

In addition to my research expertise and requisite tech capabilities, I am fluent in Mandarin and Cantonese.  Prior to joining Colliers, I worked for a tech start-up as a data analyst and became proficient in several important database programs.

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Randy Dixon

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Since joining Colliers in July 2010, Randy has put his priorities in building a team of leading market experts for each discipline and combining them with market leading support services and strong next generation brokers, that brokers can leverage to improve their business success.  He has successfully transitioned the culture of the brokers from a silo centric office of teams that work independently to a group that collaborates and leverages the expertise of those around them to improve their business success.  He has been committed to creating an environment where Colliers is giving back to the community and enjoying a fun place to work.

Prior to joining Colliers in July 2010, Randy was 22 years experience in Commercial Real Estate with Hines, a privately owned, international real estate firm that has provided the highest level of quality, service and value to its clients and investors.  Randy most recently was responsible for Asset Management services for the 39 properties totaling 3.5 million square feet as well as New Business for the Sacramento area.  Over his tenure with Hines he has worked in Seattle, San Francisco, Los Angeles and San Diego in building successful teams and providing oversight to Asset, Leasing, Property, Facilities and Construction Management services. 

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