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I-880 / I-80 Market Reports

I-880 / I-80 Office Market Report

Average FS Asking Rent (Price/SF)   
        $3.39
Availability Rate (%)          8.6%
Net Absorption (SF)      89,240

Availability in the I-880/I-80 office market continued to shrink during the third quarter of 2017, as more space was taken off the market despite record-high pricing in the East Bay. This marked the first time in over a year that space was positively absorbed over two consecutive quarters. Although it appears that prices have been leveling off since their jump at the beginning of the year, asking rents have continued to climb gradually. Asking rents have increased 4.95% since the first quarter and are likely to maintain this trend from such high demand for Class A office properties in the East Bay. Vacancy tightened in Oakland, Emeryville, Berkeley and Alameda, as availability decreased in all four of the cities, from 8.98% to 8.58% at the end of the third quarter.

I-880 / I-80  Industrial Market Report 

Average NNN Asking Rent (Price/SF)         $0.86
Availability Rate (%)          2.59%
Net Absorption (SF)     -273,192

Availability increased slightly to 2.6%. The market remains very active with low supply. Rental rates decreased slightly due to the types of availabilities.



I-880 / I-80 Office Market Report
3Q17
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I-880 / I-80 Industrial Market Report
3Q17
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