Oakland Office Market Report

Inflection point in office demand and vacancy imminent. Due to a smaller tech presence, Oakland’s office market recovery continues to trail nearby Bay Area metros. Still, much smaller increases in vacancy and net space relinquishment in 2025, compared to the previous year, suggest positive absorption is poised to return for the first time since 2019, leading to the first metrowide year-over-year vacancy compression in a decade, as no major speculative project is coming online. The Dublin-Livermore submarket has been a notable area of strength in 2025, with Class B and C properties performing especially well. This trend should become more widespread as tenants favor smaller, more flexible spaces, as metrowide leasing activity improves this year after a slower 2025. Major move-ins this year include Premier Nutrition and Vagaro, yet the outlook still hinges on occupancy gains in spaces under 50,000 square feet. Amid a broader Bay Area office recovery, Class A properties in Oakland’s urban core could also see renewed interest from tenants looking to capitalize on the region’s highly integrated economy.