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2021 Q3 Oakland Industrial Market Research Report

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The Remarkable Expansion of the E-commerce Industry

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The overall industrial vacancy rate in the Oakland I-80 / I-880 Corridor remained unchanged in the third quarter at 3.8%. The remarkable expansion of the e-commerce industry continues to drive strong demand for leasing and sales of warehouse/distribution product, leading to continued high levels of construction. The combined average asking rent for industrial and warehouse properties is $0.98 per square foot per month triple net (NNN); the average asking rent for R&D/Flex properties is $2.86 per square foot NNN.

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2021 Q3 Oakland Industrial Market Research Report

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