JLL: Oakland’s Multifamily Rents Continue to Rise and Take the #1 Seat

2.19.15.Chart of the Week OAK EB

2014 saw Oakland metro investors surpass the past few years’ previous sales volume. $1.8 billion in transactions were recorded for the Oakland metro market last year alone.

Last year, 2014, Oakland’s annualized rent growth more than doubled the US average, and it was the top metro in terms of growth. In addition, it was one of the three metros with growth above 11 percent.

The Oakland market is well into its third consecutive year of reaching historically high rents. More of the same demand is expected over the next 12 months given the shortage of available space.

Source: JLL Research, Real Capital Analytics, Axiometrics

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