The East Bay retail market in Q3 2025 reflects a stable vacancy rate and a modest decline in asking rents, while construction deliveries and sales activity have slowed significantly year-over-year. Explore our full East Bay retail market report for deeper insights into leasing trends, investment activity, and development pipelines.
3Q 2025 East Bay Retail Market: Key Data Points
- Vacancy Rate Holds Steady: Retail vacancy in East Bay remained stable at 5.4%, down 20 basis points year-over-year.
- Asking Rents Dip Slightly: Average asking rent declined to $2.44/SF, a 2.47% decrease from Q3 2024.
- Construction Pipeline Contracts: Retail space under construction fell to 311,696 SF, down 13.6% year-over-year.
- Sales Price Correction: YTD deliveries totaled 193,408 SF, marking a 46.3% year-over-year decrease.
- Net Absorption Remains Negative: The market recorded -170,728 SF in net absorption YTD, reflecting continued tenant contraction.
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