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)
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 % |
- 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
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 |
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 |
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 |
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.