The East Bay industrial market continues to be attractive to tenants, as over 6.68 million s.f. was leased in 2019. Rental rates remain on an upwards climb, averaging $1.22/s.f. NNN, a 3.4% jump YOY. An uptick in available industrial product was seen across all submarkets, landing at an increase of 25% from the prior year. Development activity remains active in the East Bay, with just over 2.13 million s.f. of industrial product under construction.
Oakland/East Bay Industrial Market Report
4th Quarter 2019