Oakland’s Office Market Faces Challenges Amid Weak Leasing Activity

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 […]