The East Bay office market in Q4 2025 saw vacancy and availability rates remain elevated, while asking rents continued to decline. Leasing activity slowed significantly compared to prior quarters, and construction remained at a standstill. Despite modest positive absorption this quarter, overall annual absorption stayed deeply negative. Explore the full East Bay office market report for detailed submarket performance and transaction highlights.
4Q 2025 East Bay Office Market: Key Data Points
- Vacancy Rate Rises: Direct vacancy reached 13.7%, up 160 bps YOY
- Availability Remains High: Total availability climbed to 17.5%, a 100 bps increase YOY.
- Asking Rents Decline: Average asking rent fell to $3.72/SF/month, down 6.5% YOY.
- Construction Pipeline Stalled: No new office space under construction or delivered in Q4.
- Leasing Activity Slows: Quarterly leasing totaled 227,372 SF, down sharply from prior quarters.
- Sales Volume Drops: Q4 sales reached 1.0M SF, a 44.1% decline YOY.
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