The East Bay office market in Q3 2025 continues to face headwinds, with vacancy and availability rates rising and leasing activity slowing significantly. Asking rents declined year-over-year, while net absorption remained negative and no new construction was recorded. Explore our full East Bay office market review for in-depth analysis and trends.
3Q 2025 East Bay Office Market: Key Data Points
- Vacancy Rate Climbs: Direct vacancy rose to 13.5%, up 230 bps year-over-year.
- Asking Rents Decline: Average asking rent dropped 4.1% YOY to $3.84 PSF Full Service.
- Leasing Activity Falls Sharply: YTD leasing volume reached 582K SF, down 52.6% compared to 2024.
- Net Absorption Remains Negative: Q3 posted -479K SF in net absorption, continuing a multi-quarter decline.
- No New Construction Delivered: The East Bay office market recorded zero deliveries or projects under construction in Q3.
- Sales Volume Drops: YTD sales volume fell 20.5% YOY to 2.27M SF.
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