‘Oakland Is Hot' And Everyone Is Finally Noticing
February 7, 2018

‘Oakland Is Hot'
And Everyone Is Finally Noticing

Oakland is shedding its old reputation as a city once plagued with crime, and developers and investors are scrambling to secure a foothold. Thousands of units of housing are in the works and more people want to live here. 

“We're like the girl in middle school who just got her braces off,” Oakland Mayor Libby Schaaf said during a Bisnow event Tuesday. “We've always been cute, but suddenly everyone's noticed us. … Oakland is hot.” While Oakland still has…

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Tenants Love Bike Rooms. Bike Repair Shops? Not So Much.

While real estate is all about location, multifamily amenities are what drive leasing activity. In Silicon Valley, multifamily developers are having to take the extra step to add that one amenity that everyone is talking about. But the next big amenity does not always work.

“Bike storage works all the time, for sure, but we thought a shared bike repair shop would be really cool: three racks, tools, people can have conversations around their bikes,” Harmonie Park principal Don Capobres said during a recent Bisnow event…

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Commercial real estate pricing entered 2018 on a low note. Nationwide prices fell 0.3% last month, representing the ninth consecutive month of declines.

“We edged off historic highs. The declines over the last three quarters have been mild and more of a stagnation than a decline,” Ten-X Senior Quantitative Strategist Chris Muoio said. “Prices have plateaued.”

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Got news? Email Bay Area reporter Julie Littman at julie.littman@bisnow.com!