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Market Report

Oakland Office Market Report

4Q 2021

East Bay Office Market Steady Relative to San Francisco and the South Bay

Diversified employment market shapes office performance. Although the impact of the health crisis has hamstrung the office market in the Bay Area, the East Bay has remained more resilient than its adjacent counterparts. Many firms that were priced out of the city and South Bay sought space across the Bay Bridge, boosting demand during the most recent economic expansion. Due to the essential nature of these industries, several of these companies were unable to transition to a work-from-home model, which kept office fundamentals from declining more significantly. However, the recovery in the East Bay may take longer as these industries are more steady, but the long-term health of the office market is bright.
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