2022 Office Space Rent & Sales
- $52.02 2022 Avg. Asking Rent
- 23.71% 2022 Office Vacancy Rate
- $166.6M2022 Total Office Sales
- $143.41Avg. Sale Price/SF
Oakland office price per square foot in 2022 was $52.02 on average. The local office market recorded an average vacancy rate of 23.71% across all asset classes combined. The 6 transactions that closed here throughout 2022 amounted to a total sale volume of $166.6M. Oakland office space commanded an average sale price per square foot of $143.41.
Average Rent by Office Class
2022 Average Office Rent per Square Foot
- Oakland Class A & A+ Office Space$62.61
- Oakland Class B Office Space$43.09
- Oakland Class C Office Space$24.00
- California Class A & A+ Office Space$59.32
- California Class B Office Space$37.75
- California Class C Office Space$25.55
Oakland, CA Office Asking Rents by Class
Average office rent in Oakland rested at $52.02 per square foot in 2022. As would be expected, office rent price showed some variation from one asset class to another. As such, the asking rent for class A office space in Oakland averaged $62.61 per square foot. Across all submarkets, class B office space recorded an average asking rent of $43.09 per square foot. Meanwhile, assets encompassing class C office space saw asking rents of $24.00 per square foot, on average. Comparably, statewide California average office rents by class in 2022 were: $59.32 per square foot for class A office space; $37.75 per square foot for class B office space; $25.55 per square foot for class C office space.
2022 Office Vacancy Rates in Oakland
Submarket | Asking Rents | Vacancy Rates |
---|---|---|
Oakland - Downtown | $55.49 | 25.16% |
Oakland - North | $50.31 | 28.47% |
Oakland - East | $44.92 | 6.86% |
Oakland - West | $35.71 | 11.10% |
Oakland - Airport | $27.99 | 5.66% |
Oakland Office Sale Price per SF
- $143.412022 Avg. Price per SF
- $166.6M2022 Office Sales Volume
- 62022 Number of Transactions
Oakland, CA Sale Price per SF Trend
- Oakland Avg. Sale Price per SF in 2022$143.41
- California Avg. Sale Price per SF in 2022$396.51
2022 Office Sales Volume
- Oakland, CA Total Office Sales Volume in 2022 $166.6M
- Oakland, CA Total Number of Office Sales Closed in 2022 6
Largest Oakland Office Sales in 2022
Property name | Address | Date | Price |
---|---|---|---|
Eastmont Town Center | 7200 Bancroft Avenue | 5/9/2022 | $76,200,000 |
Oakland Rotunda, The | 300 Frank H. Ogawa Plaza | 1/24/2022 | $26,202,500 |
1504 Franklin Street | 1504 Franklin Street | 3/18/2022 | $15,000,000 |
3901-3903 Broadway | 3901 Broadway | 3/7/2022 | $13,500,000 |
Coworking Spaces in California
- Los Angeles Coworking Space
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- Carlsbad Coworking Space
- Pasadena Coworking Space
2022 Office Construction in Oakland, CA
- Oakland, CA Total SF under construction in 2023 31,823
Office building | Address | SF | Completed |
---|---|---|---|
The Petra Building | 1630 San Pablo Ave, 94612 | 26,700 | 2017 |
MacArthur Annex | 644 40th Street, 94609 | 10,000 | 2016 |
Center 21 - 2100 Franklin Street | 2100 Franklin Street, 94612 | 216,666 | 2008 |
10 Clay St | 10 Clay St, 94607 | 15,000 | 2008 |
555 City Center | 555 12th St, 94607 | 485,039 | 2002 |
The Oakland Rotunda | 300 Frank H. Ogawa Plaza, 94612 | 325,000 | 2001 |
Rotunda Building | 300 Frank H. Ogawa Plaza, 94601 | 299,917 | 2000 |
901 Clay St | 901 Clay St, 94607 | 207,132 | 1999 |
Embarcadero West | 119-173 Filbert St., 94607 | 130,000 | 1997 |
1111 Broadway | 1111 Broadway, 94607 | 553,210 | 1990 |
Worth noting among recent office completions on the Oakland market is The Petra Building, which is currently the largest new office development in the city, at 26,700 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Diego Office Rent Price
- San Francisco Office Rent Price
- San Jose Office Rent Price
- Sacramento Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Sunnyvale Office Rent Price
- Santa Clara Office Rent Price
- Santa Monica Office Rent Price
- Austin Office Rent Price
- Phoenix Office Rent Price
- Washington Office Rent Price
- Seattle Office Rent Price
- Denver Office Rent Price
- Atlanta Office Rent Price
This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2022 through December 31st 2022. Construction pipeline data represented herein is valid as of April 2023. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Oakland 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.