Oakland, CA Office Overview
The Oakland real estate market includes the Embarcadero, Fremont, and San Antonio submarkets. With a metropolitan population of nearly 2.8 million people, the market in Oakland is driven by the demand from employers in the transportation, financial services, and healthcare industries.
As of mid-2017, the Oakland market encompasses nearly 14 million square feet of existing office space in properties larger than 50,000 square feet. As the third-largest city in the San Francisco Bay Area, and home to the Port of Oakland, a wide variety of business and industries maintains robust demand for office space in Oakland.
Oakland, CA Office Inventory Description
The city is a major trade center in the San Francisco Bay region, with its port being the fifth-busiest sea port in the entire U.S. With a gross metropolitan product of nearly $172 billion annually, the demand for white-collar jobs is consistently strong. Nearly 60% of the office space in Oakland is Class A or A+, with Class B product adding over 5.4 million square feet of inventory to the market.
Some of the strongest demand for Class A space in the metro comes from the Downtown Oakland submarket. Located north of I-880 and east of I-980, near Uptown, this area is home to prestigious buildings such as the Central Building, Lake Merritt Tower, and the iconic 1212 Broadway building.
Oakland, CA Commercial Inventory Breakdown
Office Spaces
Total: 24,012,724 SF
By square footage range:
- 50k to 100k SF: 3,007,376 SF / 12.52% of total office
- 100k to 500k SF: 10,406,776 SF / 43.34% of total office
- 500k to 1M SF: 7,705,968 SF / 32.09% of total office
- > 1M SF: 2,892,604 SF / 12.05% of total office
By class:
- Class A: 10,605,072 SF / 44.16% of total office
- Class B: 7,296,602 SF / 30.39% of total office
Top 10 Largest Office Buildings
in Oakland
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| 300 Lakeside | 300 Lakeside Drive, 94612 | 792,000 | 1962 |
| Lakeside Tower At Kaiser Ctr | 300 Lakeside Dr, 94612 | 753,000 | 1962 |
| Elihu M. Harris Building | 1515 Clay Street, 94612 | 700,589 | 1998 |
| 1800 Harrison | 1800 Harrison Street, 94612 | 657,498 | 1984 |
| 601 City Center | 601 12th St, 94607 | 600,000 | 2019 |
| 1111 Broadway | 1111 Broadway, 94607 | 553,210 | 1990 |
| 1111 Broadway | 1111 Broadway, 94607 | 553,210 | 1990 |
| Eastmont Town Center | 7200 Bancroft Avenue, 94605 | 541,390 | 2000 |
| 1221 Broadway | 1221 Broadway, 94612 | 535,714 | 1976 |
| Lake Merritt Plaza | 1999 Harrison Street, 94612 | 535,252 | 1985 |
Largest Office Properties Recently Completed
in Oakland
| Office building | Address | Sqft | Year built |
|---|---|---|---|
| Uptown Station | 1955 Broadway, 94612 | 404,922 | 2020 |
| The Key at 12th | 1100 Broadway, 94607 | 345,300 | 2020 |
| Autthaus Studios | 2744 East 11th Street, 94601 | 112,000 | 2018 |
| UCSF Benioff Children's Hospital Oakland - Outpatient Center 2 | 744 52nd Street, 94609 | 89,000 | 2018 |
| Kaiser Permanente Oakland Medical Center - Specialty Medical Office Building | 3600 Broadway, 94611 | 275,000 | 2014 |
| 2001 Broadway | 2001 Broadway, 94612 | 59,186 | 2013 |
| Jack London Square - 55 Harrison | 55 Harrison Street, 94607 | 183,787 | 2010 |
| Kaiser Permanente Oakland Medical Center - Broadway Medical Office Building & Cancer Center | 3701 Broadway, 94611 | 165,000 | 2009 |
| Center 21 - 2100 Franklin Street | 2100 Franklin Street, 94612 | 216,666 | 2008 |
| The Port Building | 530 Water Street, 94607 | 145,231 | 2008 |
Oakland, CA Green Office Space
The San Francisco Bay Area has some of the nation's most environmentally-conscious tenants and developers. As a result, both the demand for and availability of green office space in Oakland continues to grow. One example of a LEED-certified building in the city is the 225,000-square-foot Franklin Building. This investment-grade building is located in the Chinatown submarket and holds a prestigious LEED Gold certification.
In 2017, the National Green Building Adoption Index surveyed the top 30 major markets in the country and discovered that the share of LEED-certified, EPA Energy Star-rated, and green office buildings has increased by more than seven times over the past 12 years. While Oakland didn't quite make it into the top 30 markets, the city's commitment to energy efficient, green office space is quite clear. Of the larger office buildings in the city, an impressive 33% are green, totaling over 7.2 million square feet.
Oakland, CA's Top Office-Using Sectors
The demand for Oakland commercial real estate is created in large part by top sectors like the transportation, financial services, high technology, healthcare, and corporate sectors.
- Transportation – Demand for commercial real estate in the city comes from companies such as BART, East Bay Express, United Parcel Service, and Southwest Airlines.
- Financial Services & High Technology – Ask.com, Golden West Financial, GT Nexus, and OneCalifornia Bank help to create jobs in the area.
- Healthcare – Kaiser Permanente, Alameda Health System, and the Children's Hospital Oakland are among the top users of office space in Oakland.
- Corporate Offices – Demand also comes from large companies headquartered here, such as Clorox, Dreyer's Ice Cream, Cost Plus World Markets, BrightSource Energy, AMCO Chemical, and Namesys.
Frequently Asked Questions
How much does office space cost in Oakland, CA?
The average office rental rate in Oakland, CA is $39.91 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways. Check Oakland Office Market Trends for more stats.
What is the size of available office spaces in Oakland, CA?
The Oakland, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 39,115 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Oakland, CA is 159 square feet, while the maximum rentable space on the market now is 78,070 square feet.
How do I get office space in Oakland, CA?
Start your search for office space in Oakland, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Oakland, CA?
There are 269 office listings on the Oakland, CA market. See all available office spaces for rent.
Where to rent an office space in Oakland, CA?
Popular Oakland neighbourhoods with available office spaces include Central Oakland, Downtown Oakland and North Oakland.
What other property types are available for lease in Oakland, CA?
In addition to traditional office spaces, commercial real estate listings on our platform also include coworking & shared office space options, retail spaces, industrial buildings, warehouses, distribution facilities, and more.
Oakland Demographics
Population
- Total Population425,097
- Male Population(48.3 %) 205,289
- Female Population(51.7 %) 219,808
- Median Age36.50
Income/Financial
- Average Household Income$108,300
- Median Household Income$73,692
- Median Income Under 25$53,542
- Median Income 25-44$85,355
- Median Income 45-64$78,011
- Median Income Over 65$45,629
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