While the vacancy rate for office space in the East Bay Oakland market was relatively unchanged in the first quarter of 2014, demand for office space in the East Bay has spiked over the past three months.
The active demand for office space around Oakland now measures nearly one million square feet, double the demand at the end of 2013, according to Cassidy Turley.
A big driver of the spike: companies relocating from San Francisco where the average asking rent is around $4.25 per square foot versus $2.30 a foot in the Oakland market.

One thought on “Demand For Office Space Around Oakland Doubles”

Leave a Reply

Your email address will not be published. Required fields are marked *