East Bay - Oakland industrial real estate market reports
Q3 2024
The East Bay industrial market is showing signs of stabilization after a period of rapid slowdown, with positive net absorption hinting at improving conditions. While availability has reached multi-year highs and leasing activity remains subdued, asking rates are climbing, reflecting resilience in the market. Though pandemic-driven logistics demand has cooled, softening interest rates and recovering shipping activity at the Port of Oakland offer hope for a potential revival in the coming months.
126K sf
Net absorption
Industrial inventory saw positive net absorption after four consecutive quarters of negative figures, hinting at improving market conditions.
9.8%
Industrial availability
Industrial availability has reached multi-year highs, nearing flex space levels as demand from logistics declines.
$1.41 NNN
Industrial Asking Rates
Industrial asking rates are climbing again despite rising availability and soft demand.
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