Description:
The City of San Leandro continues to be a good alternative for local companies. Its proximity to the Oakland airport and Interstate 880 continue to drive its success as a well located city with an abundance of industrial related jobs. It is very close to Cal State East Bay and this educated work force helps spur on local companies. It offers a diverse mix of retail space, industrial space, flex space, and office space options throughout several parts of the city for a companies commercial real estate needs.
Companies who look in this city also look in nearby cities such as Alameda, Oakland, and Emeryville.
Retail space in San Leandro: San Leandro has many regional strip centers that serve the local community well. The Bay Fair mall and retail along East 14th Street allow a consumer the ability to buy anything they need within city limits. The cities Autopark Mall offers the ability to shop for just about every car model you can imagine. Downtown San Leandro boasts many of shopping options and restaurant options for those working nearby. A high end retail development is planned along 880 near the old Albertson’s distribution center. Exciting retail opportunities include restaurant space and storefront space.
Office space in San Leandro: San Leandro offers many attractive options for East Bay residents who are looking for a new site for their office or commercial space. San Leandro offers great access to the rest of the Bay Area and this favorable commute pattern draws a lot of companies to San Leandro. The San Leandro Marina and nearby golf course create a local setting for recreation for local employees. San Leandro can be accessed by both BART and bus and employees working in San Leandro find it to be a very convenient location. San Leandro offers high rise office space, low rise office space, lofts, and converted warehouse office space. Most of the office space in San Leandro is either found downtown where Mervyns is based or sprinkled throughout retail or industrial areas.
Warehouse space in San Leandro: San Leandro offers great freeway access and close proximity to the Port of Oakland which helps business justify locating their commercial real estate within San Leandro. San Leandro’s central location offers warehouse space near Interstate 880, & 580. San Leandro, along with Hayward, is one of the largest industrial towns in the Bay Area and many industries continue to flourish. Many industrial companies find it convenient to locate their business along Interstate 880 as it is a major trucking route that can easily access the port and the airport in Oakland. San Leandro has storage spaces, warehouse spaces, distribution spaces, and manufacturing spaces. San Leandro offers some high end flex properties that are part office and part warehouse along the Doolittle and Merced corridors that are ideal for high tech companies.
Quick Market Stats:
There's roughly 650,000 square feet of office space with a rough overall vacancy rate of 5%. The average asking rates for Class A office space is $2.50(fs) and Class B office space is $1.50(fs) per square foot per month.
The industrial space market is roughly 20,000,000 square feet and has an overall vacancy rate of just 5%. Average lease rates range for warehouse space is $0.45 while R&D/Flex space is $0.85.
