Oakland-area office vacancies rise at year’s end — so do rents

Oakland-area office vacancies rise at year’s end — so do rents

a year ago
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https://www.siliconvalley.com/2023/01/11/oakland-east-bay-office-vacancy-rent-rise-year-end-real-estate-build/

OAKLAND — Office vacancy levels are rising in the Oakland area, but rents are also on the uptick as the real estate market confronts uncertainties over a wobbly economy, high prices and rising interest rates.

The Oakland-area office vacancy rate was 18.6% during the October-through-December fourth quarter of 2022, according to a new report from CBRE, a commercial real estate firm.