The Oakland East Bay sees promising tenant demand

After several years of slumber, the East Bay office market is beginning to undergo a resurgence in tenant demand showing more than a half million in tenant requirements.
Despite the slowdown in the life science market, tenants in the biotech, pharma, healthcare, and life science sectors currently drive the largest portion of demand by total square footage accounting for roughly 16%.
Oakland’s traditional tenant base of banking, finance, insurance & real estate as well as law continues to be active, accounting for a quarter of demand. This figure is less than it was in previous years.

April 23, 2024