Oakland CBD Office Vacancy
Among The Lowest In Nation
More tenants are demanding space in Oakland. With more employees living in the Oakland and East Bay region, employers are turning toward Oakland as a viable alternative to the high rental rates in San Francisco, which are now over $70/SF.
Oakland's office market continues to post some of the lowest vacancy rates of the Bay Area. Vacancy is at 6.7%, and Oakland's central business district had the lowest vacancy of any downtown market in the country for the fourth straight…
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San Francisco, San Jose Rents Down, Again
For the fourth consecutive month, San Francisco posted rent declines. In May, rents decreased 3.3% compared to May 2016 and average rents are now $3,369, according to RentCafé's recent Apartment Market Report. Of the top 10 most expensive rental markets,…
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Lincoln Property, Others Selected To Manage Transbay Transit Center Operations
The Transbay Joint Powers Authority has selected several companies to manage the Transbay Transit Center. The multibillion-dollar infrastructure project is nearing completion of Phase 1. Lincoln Property will be the asset manager and will lead the team in charge of…
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New Real Estate Fund Managers Face Toughest Market In Decade
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Is Industrious Like A Marriott? CEO Hodari Seems To Think So
Industrious wants to grow. It has more than a dozen new locations in its pipeline this year, but the co-working player does not want to own offices or pay rent for every square foot of its locations, Industrious CEO Jamie Hodari said.
Instead, Industrious is exploring a leasing model for future locations more akin to the way hotels operate.
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