Oakland’s Office Market Faces Rising Vacancies Amidst Economic Shifts

In the wake of dwindling leasing activity, downtown Oakland's office market faces a challenging phase. The latest report from CBRE reveals a troubling uptick in office vacancy rates across the city's central business district, encompassing the Uptown, downtown, and Lake Merritt submarkets. As the fourth quarter of 2023 concluded, vacancy rates escalated to 30.2 percent, […]