Oakland Q4 Industrial Market Report & Forecast
I-80/I-880 Corridor Closes Out 2014 with Strongest 4th Quarter on Record
The I-80/I-880 Corridor Industrial Market capped an extremely solid year with a flurry of larger transactions in the fourth quarter. Overall vacancy decreased across all product lines, from 4.8 percent to 3.9 percent. This decrease in vacancy marked the eleventh time in the last twelve quarters that overall vacancy has trended downward.
With a scarcity of product available on the market for users and tenants to secure, the final quarter of the year saw multiple investment purchases as investors looked to increase their Bay Area footprint by adding quality leased product to their portfolios.