Oakland Office Vacancy Up, Recovery Signs Emerge
Current Vacancy Rates and Trends At the end of Q2 2025, Oakland's office vacancy rate reached a concerning milestone. It surged to 23.4% according to CBRE data. A separate analysis revealed an even higher rate. In the East Bay Oakland office market, the rate was 26.2%. These vacancy trends highlight growing market signals. Newmark data showed vacancy rising to 23.2%. No new construction is underway. This reflects consistent upward trends over several quarters. Tenant departures continue to impact the market considerably. A 140 basis points increase from the prior quarter underscores the challenges. Rising material costs threaten project timelines and budgets, compounding challenges within the commercial real estate sector in Oakland. Oakland faces substantial space remaining vacant. Available space includes both sublease and direct spaces. This contributes to increasing availability. Amid these trends, the market signals a potential shift. The real estate sector in Oakland presen...