Oakland Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Oakland is $52.25 per square foot, 2.84% lower compared to the previous year.
  • The average sale price for office space in Oakland is $762.33 per square foot, marking an increase of 381.41% compared to 2024.
  • The market’s vacancy rate stands at 27.80%, higher than the state average of California, which is 18.44%.
  • Renting Class A/A+ office space here costs $63.59 per square foot, while Class B averages $36.44 and Class C stands at $23.35.
  • 198,573 square feet is currently under construction.

2025 Office Space Rent & Sales

  • $52.25 2025 Avg. Asking Rent
  • -2.84% Y-o-Y Avg. Asking Rent Change
  • 27.80% 2025 Office Vacancy Rate
  • $1.1B2025 Total Office Sales
  • $762.33Avg. Sale Price/SF

What is the average asking rent price for office space in Oakland?

Average asking rents for office space here stand at $52.25 per square foot. The local office market recorded an average vacancy rate of 27.80% in 2025, unchanged from 27.80% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $1.1B across 11 sales. These transactions commanded an average sale price per square foot of $762.33.

Oakland, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in Oakland?

  • Avg. Asking Rent Class A & A+$63.59
  • Avg. Asking Rent Class B$36.44
  • Avg. Asking Rent Class C$23.35

The average asking rent for Class A and A+ office space stood at $63.59 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Oakland averaged $36.44 per square foot, while the average for Class C space was $23.35 per square foot.

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Oakland, CA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Oakland was Oakland - Airport at 9.05%. Meanwhile, the highest office vacancy rate in the market was 29.59%, recorded in Oakland - Downtown.
Submarket Asking Rents Vacancy Rates
Oakland - North $59.15 26.63%
Oakland - Downtown $57.45 29.59%
Oakland - West $25.20 14.84%
Oakland - East $22.36 22.15%
Oakland - Airport $21.44 9.05%
Data provided by Yardi Research

Explore Top Office Markets in California

2025 Office Sales Volume

  • $762.332025 Avg. Price per SF
  • $1.1B2025 Office Sales Volume
  • 112025 Number of Transactions

What is the average sale price per square foot for office space in Oakland?

Average sale prices for office space in this market recorded a +381.41% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $762.33 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Oakland, CA Sale Price per SF Trend

  • Oakland Avg. Sale Price per SF in 2025$762.33
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Oakland in 2025?

The local office market recorded 11 deals in 2025, adding up to a yearly sales volume of $1.1B.

  • Oakland, CA Total Office Sales Volume in 2025 $1.1B
  • Oakland, CA Total Number of Office Sales Closed in 2025 11

What were the largest office building sales in Oakland in 2025?

The market’s largest transaction last year was the sale of 300 Lakeside for $906,000,000 on 6/3/2025.
The next-highest sale was the transaction involving Kaiser Center Mall, which traded for $79,500,000. The third-largest transaction was the sale of Syndicate Building, The for $8,916,149.

Property name Address Date Price
300 Lakeside 300 Lakeside Drive 6/3/2025 $906,000,000
Kaiser Center Mall 344 Thomas L. Berkley Way 6/3/2025 $79,500,000
Syndicate Building, The 1440 Broadway 1/27/2025 $8,916,149
Clay Building, The 1007 Clay Street 8/6/2025 $5,642,000
2001 Broadway 2001 Broadway 10/6/2025 $5,198,882
Data provided by Yardi Research

Office Construction in Oakland, CA

  • Oakland, CA Total SF under construction in 2026 198,573

What are the largest recent office completions in Oakland?

The largest recent office completion here is 601 City Center at 606,267 square feet, completed in 2019. The next largest completions are 1111 Broadway and The Key at 12th.

Office building Address SF Completed
The Key at 12th 1100 Broadway, 94607 345,300 2020
Tapscott Building 1910 Broadway, 94612 43,395 2020
601 City Center 601 12th Street, 94607 606,267 2019
MacArthur Annex 644 40th Street, 94609 10,000 2016
Center 21 - 2100 Franklin Street 2100 Franklin Street, 94612 216,666 2008
Jack London Market 55 Harrison St., 94607 110,000 2008
Jack London Square - 55 Harrison 55 Harrison Street, 94607 187,202 2007
Wakefield Bldg 426 17th St, 94612 60,400 2001
Embarcadero West 119-173 Filbert St., 94607 130,000 1997
1111 Broadway 1111 Broadway, 94607 553,210 1990
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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 Yardi Research Data can guarantee that the information provided is complete.