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Uptown Oakland is Hot, Hot, Hot

OAKLAND, CA—Tenants are buzzing about Uptown, whether through moves into the Hive—or simply within Uptown near Lake Merritt, which has driven the vacancy rate down to below 4.5% as of the first quarter.

By Lisa Brown | lisabrown | Updated on May 30, 2017

300 Lakeside Drive 300 Lakeside Dr. is a 28-story tower next to Lake Merritt (credit: Alejandro Velarde).

OAKLAND, CA—The Uptown District is an urban pocket with cafes, galleries and historic landmarks. Tenants are buzzing about Uptown, whether through moves into the Hive—or simply within Uptown near Lake Merritt. The influx in the Uptown market has driven the vacancy rate down to below 4.5% as of the first quarter.

This is among the lowest levels since CBRE began tracking the market in 1983 and the lowest CBD vacancy rate in the nation. And, the creative office building inventory in the Oakland CBD is even tighter than the overall market with an approximate 2% vacancy rate, GlobeSt.com learns.

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