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Oakland’s Office Market Faces Challenges Amid Weak Leasing Activity

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skyline of Oakland
Photo by Derick Daily on Unsplash
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The Oakland office market continues to navigate a turbulent period marked by increasing vacancy rates, declining net absorption, and subdued leasing activity. The latest CBRE report for the fourth quarter of 2024 underscores a growing imbalance in supply and demand across the city’s central business districts, including the Uptown, Downtown, and Lake Merritt submarkets. Vacancy […]

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