Tenants will be interested in new class-A apartments due to the discounts relative to San Francisco (credit: 38th Notes).
➤➤ Join the GlobeSt.APARTMENTS (formerly RealShare) conference October 29-30 in Los Angeles. The event will analyze the opportunity in the emerging trends and conditions of the multifamily market. Don't miss out on joining the 1,000+ of the industry's top owners, investors, developers, brokers and financiers as they gather for THE MULTIFAMILY EVENT OF THE YEAR! Click here to register and view the agenda.
OAKLAND, CA—Supply growth has nearly quintupled as builders target the urban core. Capitalizing on the rent spread that can easily exceed $800 per month between San Francisco and Oakland, developers are targeting numerous deliveries inside the urban core of Oakland this year, according to Marcus & Millichap's latest report.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
