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2022 Q1 Oakland Industrial Market Research Report

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Vacancy Remains Near Historical Low

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The overall industrial vacancy rate in the Oakland I-80 / I-880 Corridor declined from 2.9 to 2.6 percent the first quarter, remaining near the historical low. High levels of construction are outpaced by even higher levels of demand across the region as relentless demand led by e-commerce and third-party logistics firms has continued in 2022. Average asking rental rates continued their rapid ascent as the combined average asking rent for industrial and warehouse properties is $1.14 per square foot per month triple net (NNN); the average asking rent for R&D/Flex properties is $2.99 per square foot NNN.

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2022 Q1 Oakland Industrial Market Research Report

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William Chui

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As a Research Analyst in the Oakland office, I help manage our proprietary market database as well as various outside sources of data in order to develop ongoing market trend analyses for our brokers and clients. In addition, I assist in producing the monthly, quarterly and other specialized reports published by our office.

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