Posts by Kevin Beaumonte

COVID-19’s Effect on the East Bay Office Market; What’s to Come in the Future

Kevin Beaumonte, Matt Geist on September 03, 2020

After nearly a ten-year run of consistent rental growth and strong market fundamentals, the commercial real estate industry, including nearly all real estate product types, has suddenly found itself faced with extreme challenges.

COVID-19 has been a brutal shock to the world economy and the economic spillover into the commercial real estate industry is just beginning. 

The East Bay’s office market experienced a stagnant second quarter, with extremely limited tenant demand and an uptick in both direct and sublease space availability.

Read More