Description:
Retail space in Oakland: Oakland has been consistently considered an under retailed area by national analysts and a flood of new residents promises to bring more retail potential.
Retails hubs in the city of Oakland include Old Oakland, CityCenter, and surrounding Lake Merritt. Exciting retail opportunities include restaurant space, storefront space, nightclub space, and gas stations.
Companies who look in this city also look in nearby cities such as
Emeryville and
Berkeley.
Office space in Oakland: Oakland offers many attractive options for Oakland residents who are looking for a new site for their
office or commercial space. Many of Oakland’s office locations offer great BART access, convenient parking, and great access to amenities. Many large and small companies find Oakland as an attractive solution to higher priced
commercial real estate elsewhere in the Bay Area. Oakland offers high
rise office space,
low rise office space,
lofts, and
converted warehouse office space. Some companies who call Oakland home include APL, Ask.com, Kaiser, and Dreyers Ice Cream.
Industrial space in Oakland: Oakland offers great freeway access and the Port of Oakland which helps business justify locating their commercial real estate within Oakland. Oakland offers warehouse space near Interstate 880, 580, the Oakland Airport, and the FedEx terminal. Oakland has storage spaces, warehouse spaces, distribution spaces, and manufacturing spaces. Also in the category is the growing trend of lab spaces being built into communities. This lab space can be difficult to find and Oakland and their commercial owners have been building lab spaces for commercial companies many of which come out of UC Berkeley. The Oakland airport and West Oakland submarkets offer a great deal of industrial space.
Quick Market Stats:
There's roughly 12,000,000 square feet of office space with a rough overall vacancy rate of 12%. The average asking rates for Class A office space is $3.00(fs) and Class B office space is $2.00(fs) per square foot per month.
The industrial space market is roughly 30,000,000 square feet and has an overall vacancy rate of just 4%. Average lease rates range from $.50 to $.75(nnn) per square foot per month.