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Articles Filed Under: East Bay

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Asking Rents in Oakland Inch Up

Asking Rents in Oakland Inch Up

Having held at around $2,400 over the past three months, the weighted average asking rent for an apartment in Oakland has inched up a (1) percent over the past few weeks to $2,425 a month, which is around 7 percent higher than at the same time last year. That... Read More »

Bay Area Unemployment Claims Drop to a Pandemic-Era Low

Bay Area Unemployment Claims Drop to a Pandemic-Era Low

The number of new unemployment claims filed across the Bay Area dropped to 51,484 in October, which was down from 138,831 in September, the fewest new claims since the pandemic hit and down from an average of 125,372 new claims a month in the third quarter of this year.... Read More »

Index for Bay Area House Values Inches Up, Poised to Turn

Index for Bay Area House Values Inches Up, Poised to Turn

Having inched up 0.4 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.1 percent in September versus a 1.4 percent gain at the same time last... Read More »

459,000 Bay Area Jobs Have Been Recovered, 192,000 Left to Go

459,000 Bay Area Jobs Have Been Recovered, 192,000 Left to Go

Having increased by an upwardly revised 6,600 in September, the net number of people living in San Francisco with a paycheck increased by 4,200 in October to 540,200, dropping the unemployment rate to 3.9 percent with 31,500 more employed residents in the city than there were at the same... Read More »

Right to Negotiate for Half of Coliseum Site Has Been Awarded

Right to Negotiate for Half of Coliseum Site Has Been Awarded

Oakland’s City Council has granted the Oakland-based African American Sports And Entertainment Group (AASEG) the right to enter into an Exclusive Negotiating Agreement (ENA) for the City’s undivided share of the Oakland-Alameda Coliseum Complex Site. As such, AASEG will have up to two years to reach an agreement for... Read More »

Index for Bay Area House Values Inches Up, YOY Gain Slips

Index for Bay Area House Values Inches Up, YOY Gain Slips

Having ticked up a downwardly revised 1.1 percent in July, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.4 percent in August, for a year-over-year gain of 21.2 percent,... Read More »

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

430K Bay Area Jobs Have Been Recovered, 220K Left to Go

Having slipped by (an upwardly revised) 2,400 in August, the number of people living in San Francisco with a paycheck increased by 6,300 in September to 535,700, dropping the unemployment rate to 4.1 percent with 42,500 more employed residents in the city than there were at the same time... Read More »

Rebound in Oakland Rents Has Stalled

Rebound in Oakland Rents Has Stalled

Having ticked up in late August, the weighted average asking rent in Oakland has since held at around $2,400 a month, with the average asking rent for a one-bedroom in the city having effectively held at $2,000 a month since the third quarter of last year. As such, while... Read More »

East Bay Office Vacancy Rate Ticks Up to 17.9 Percent

East Bay Office Vacancy Rate Ticks Up to 17.9 Percent

The office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked up to 17.9 percent at the end of September, which includes 4.6 million square feet of un-leased space and 1.2 million square feet of space which has been leased but is sitting vacant... Read More »

West Oakland Home Fetches “41 Percent Over Asking!” But…

West Oakland Home Fetches “41 Percent Over Asking!” But…

As we outlined back in August: Designed by Baran Studio Architecture and listed for “$849,000” in June of 2016, despite its nearly identical sister home with a yellow door having sold for $1.025 million the month prior, the sale of the modern West Oakland infill home at 864 Wood... Read More »