Uptown & Downtown Oakland Community Benefit Districts Note Over 156,000 Square Feet of New Leases in the Second Quarter of 2015

Oakland, CA – July 23, 2015 – In the second quarter of this year, companies planning to move into Downtown/Uptown Oakland or expand their presence there, executed leases for more than 156,000 s.f. of space. That’s according to information provided to the Downtown Oakland and Lake Merritt/Uptown community benefit districts by commercial real estate brokers.

A significant number of the new leases signed in the second quarter involved companies making the move across the Bay from San Francisco, continuing an ongoing trend as tenants warm to Oakland’s business climate.  Among the significant transactions signed in the second quarter are:

  • Otis McAllister, a global food company, signed a 16,850 s.f. lease at 300 Frank Ogawa – they are moving from San Francisco.
  • 21 Tech, a business & technology consultant, signed a 5,133 s.f. lease at 1330 Broadway – they are moving from San Francisco.
  • Women’s Foundation of California, a social change advocate, signed a 5,000 s.f. lease at 300 Frank Ogawa – they are moving from San Francisco.
  • Huge Inc., a branding company, signed a 6,500 s.f. lease at 426 17th St – they are moving from San Francisco.
  • MM Design Group, a local graphic company, signed a 3,483 s.f. lease at 1759 Broadway – they are moving from San Francisco.
  • Citizen Engagement Lab, a pioneer in using new media and technology to advance meaningful social change, signed a 12,500 s.f. lease at 1330 Broadway – they are moving from Berkeley.
  • Pivot Learning Partners, a nonprofit organization of K-12 education experts working with schools, districts and charters to address the biggest challenges they face, signed a lease for 4,263 s.f. at 500 12th St. – they are moving from San Francisco.
  • Net Impact, a community that helps students & professionals create positive social and environmental change, signed a lease at 1333 Broadway for 7,950 s.f.
  • California Workers Comp Institute, which improves California’s workers’ compensation system, signed a lease at 1333 Broadway for 6,903 s.f.
  • NPM Inc., an open source project dedicated to the long-term success of the JavaScript community, signed a lease at 1999 Harrison St for 6,238 s.f.
  • Redbird Advanced Learning, which offers solutions that help students, educators and parents effectively navigate today’s radically transforming educational landscape, signed a 5,566 s.f. lease at 1999 Harrison.
  • Menke & Associates, the nation’s premier ESOP advisors, signed a 7,147 s.f. lease a 1 Kaiser Plaza.
  • Turnitin, (formerly known as iParadigms), global leader in evaluating and improving student learning focusing on plagiarism prevention softwares, signed a 24,445 s.f. lease & a 24,467 s.f. at 2101 Webster St.
  • Renewable Funding, which provides innovative financing for efficiency and renewable energy contractors, signed a lease for 20,480 s.f. in the Clorox Building at 1221 Broadway.

“The business climate within the districts continues to attract a diverse mix of office users and retail companies and even though most of the companies which signed leases in the second quarter won’t move in until later this year, the positive momentum created by the expansion of Oakland’s business community continues to build,” said Steve Snider, Lake Merritt/Uptown & Downtown Oakland District Manager.

The Downtown Oakland and Lake Merritt/Uptown District Associations were formed in February 2009. Property owners in both Downtown Oakland and the Lake Merritt/Uptown Districts voted by a margin of almost 8 to 1 to support a voluntary property tax to fund services that would improve the quality of life in their respective communities. The associations meet and function jointly. Services funded by these Districts include maintaining cleanliness and order in the public rights of way, improving district identity and advocating on behalf of the area’s property owners, business owners and residents.  The Districts are key supporters of “Oakland Central”, a new lifestyle branding campaign that employs several platforms including a website, as well as TwitterFacebook and Instagram.

West Coast Commercial Real Estate News