2020 Q3 Oakland Office Market Research Report

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Increase in Vacancy Continues


The Oakland Metropolitan Area’s office vacancy rate continued to increase in the third quarter of 2020, rising from 8.8 to 9.8 percent. Year-over-year the rate is up 3.7 percentage points from the 6.1 percent rate in the third quarter of 2019. Clearly a downturn is evident as COVID-19 has led to many employees working from home. Not all the news is negative, as touring activity has begun to return as companies formulate plans for adapting to a post COVID-19 world.

Net absorption in the third quarter was negative 33,786 square feet, however this figure was buoyed by the recently constructed 344,500 square foot Class A office building at 1100 Broadway that was 100 percent pre-leased prior to COVID-19 and delivered to replace when construction was completed. Without this building the third quarter’s net absorption would have been negative 378,286 square feet, a slight increase from the second quarter’s negative 374,386 net absorption total. The combined average asking rate across all classes of office space decreased by $0.04 to $4.53 per square foot per month full service (FS).

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2020 Q3 Oakland Office Market Research Report

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Related Experts

Rob Gerard

Senior Research Analyst


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

Research Analyst


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.

In my spare time, I enjoy traveling, watching movies, and playing sports, especially running, badminton, and basketball. I am also a huge Warriors fan.

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Randy Dixon

Regional Managing Director


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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