Posts by Matt Geist

The East Bay Continues to See Spillover from the San Francisco Market

Matt Geist on November 13, 2019

With San Francisco office rents 50% to 100% more expensive versus the East Bay office markets, the East Bay office market rally continues its upward trend into the 3rd quarter of 2019 as San Francisco tenants “spillover” into Alameda and Contra Costa counties. While overall East Bay rent growth has slowed since 2016, its trajectory remains upwardly positive with tenant occupancies registering above their historical norms. East Bay capital markets activity continues to be strong with office buildings selling at record price levels, ranking the East Bay’s valuations among the highest in the nation. Oakland is particularly emerging as a very desirable location for companies looking to accommodate the “live, work, and play” lifestyle and environment for their team members.