Oakland Retail Vacancy Headed to 6.8% as New Construction Falls to Lowest Level Since 2007

Marcus & Millichap's newly published third-quarter report on the Oakland metro forecasts retail vacancy rising to 6.8 percent by year-end and asking rents slipping to $29.80 per square foot, even as developers deliver just 30,000 square feet of new space — the thinnest annual pipeline the market has recorded in nearly two decades — leaving […]