Oakland, CA Commercial Real Estate Market Overview
Like many other Bay Area communities, Oakland, Calif., is being transformed by the tech boom. However, the city has also cemented itself as an international hub with a diverse commercial real estate market.
International trade is strong in the city — the Port of Oakland is listed among the busiest container ports nationwide. The Oakland International Airport also contributes to the economy, resulting in consistent demand for industrial space.
But, because the neighboring San Francisco commercial real estate market is defined by low vacancy, many high-tier companies are choosing Oakland to fulfil their office space needs — especially considering its comparatively low operating costs.