Oakland rents may give some tenants sticker shock, as is predicted for 300 Lakeside as tenants depart.
SAN FRANCISCO—The Northern California office market posted 968,301 square feet of positive net absorption in the third quarter, according to Newmark Knight Frank. This marks the eighth consecutive quarter of positive absorption. Strong leasing activity, especially on quality transit-oriented spaces, continues to push down the overall availability rate, which finished the quarter at 10%, says the report.
Oakland Office Market: Rents Rising
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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.
