Alameda Office Market Trends

Office Rental Market

  • $38.49 2019 Avg. Asking Rent
  • 17.70 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Alameda was $38.49 per square foot, and the office vacancy rate across the market averaged 17.70 %. During 2019, developers added 0 square feet of new office space to the Alameda market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Alameda Class B Office Buildings$39.67
  • Alameda Class C Office Buildings$23.12
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Alameda, CA Office Asking Rents by Class

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Alameda $40.21 28.71 %
Oakland - Airport $33.27 4.19 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Alameda was 4.19 % in the Oakland - Airport submarket, where asking rents averaged $33.27.
  • The highest office vacancy rate in 2019 in Alameda was 28.71 % in the Alameda submarket, where asking rents averaged $40.21.

OFFICE CONSTRUCTION IN Alameda, CA

  • Alameda, CA Total Sqft completed in 2019 0
  • Alameda, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Alameda
Building name Address Total Sqft Year built
Marina Village 1001 Marina Village Pkwy, 94501 988,153 1987
The Waterfront 1601 Harbor Bay Pkwy, 94502 384,325 1997
Alameda Center 2430 Mariner Square Loop, 94501 155,040 1992
Harbor Bay Business Park - 1320 Harbor Bay Pkwy 1320 Harbor Bay Pkwy, 94502 121,597 1986
Harbor Bay Business Park - 1420 Harbor Bay Pkwy 1420 Harbor Bay Pkwy, 94502 121,216 1985
Harbor Bay 1320 Harbor Bay Pkwy, 94502 120,356 1986
Harbor Bay Business Park - 1351 Harbor Bay Pkwy 1351 Harbor Bay Pkwy, 94502 97,980 1984
1301 Marina Village Pkwy 1301 Marina Village Pkwy, 94501 87,540 1991
Harbor Bay Business Park - 1451 Harbor Bay Pkwy 1451 Harbor Bay Pkwy, 94502 86,055 1984
600 Wind River Way 600 Wind River Way, 94501 75,000 2001
Largest Office Properties Recently Completed in Alameda
Office building Address Sqft Completed
2321 North Loop Road 2321 North Loop Road, 94502 55,985 2016
2601 Harbor Bay Pkwy 2601 Harbor Bay Pkwy, 94502 45,000 2012
2801 Harbor Bay Pkwy 2801 Harbor Bay Pkwy, 94502 45,000 2012
2901 Harbor Bay Pkwy 2901 Harbor Bay Pkwy, 94502 45,000 2012
2701 Harbor Bay Pkwy 2701 Harbor Bay Pkwy, 94502 26,404 2012
Venture Commerce Center - 2161-2199 Harbor Bay Pkwy 2161 Harbor Bay Pkwy, 94502 63,154 2005
Regatta Commons - 600 Wind River Way 600 Wind River Way, 94501 74,247 2001
Regatta Commons - 300 Wind River Way 300 Wind River Way, 94501 74,164 2001
Regatta Commons - 500 Wind River Way 500 Wind River Way, 94501 74,097 2001
Harbor Bay Business Park - 1650 Harbor Bay Pkwy 1650 Harbor Bay Pkwy, 94502 63,936 2001
Data provided by Commercial Edge

Office Spaces for Rent in California

ALAMEDA OFFICE SALES TRENDS

  • $277.452019 Avg. Price per Sqft
  • -13.97 %Y-o-Y Avg. PpSF Change
  • $564.3M2019 Office Sales Volume
  • 52019 Number of Transactions

In 2019, office sales in Alameda averaged $277.45 per square foot. This marked a -13.97 % decrease in office price per square foot, compared to the previous year. A total of 5 office sales closed on the Alameda office market in 2019, amounting to a total sales volume of $564.3M.

Average Office Sale Price per Sqft

Alameda, CA Sales Trends

  • Alameda Price per Sqft$277.45
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Alameda, CA Total Office Sales Volume in 2019 $564.3M
  • Alameda, CA Total Number of Office Sales Closed in 2019 5

Largest Alameda Office Sales in 2019

Property name Address Date Price
Marina Village 1001 Marina Village Pkwy 6/3/2019 $267,000,500
Waterfront, The 1601 Harbor Bay Pkwy 11/1/2019 $113,800,000
Regatta Commons - 600 Wind River Way 600 Wind River Way 9/4/2019 $23,220,120
Regatta Commons - 300 Wind River Way 300 Wind River Way 9/4/2019 $23,194,160
Regatta Commons - 500 Wind River Way 500 Wind River Way 9/4/2019 $23,173,200
Data provided by Commercial Edge

See trends for nearby markets

The Alameda office market contains an inventory of 3,423,042 square feet of office space, in 73 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Alameda commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.