Oakland / East Bay Office Market Report
By CREhunt Research · Data through Q2 2026 · Aggregated from Cushman & Wakefield, Kidder Mathews, CBRE, Colliers
Quarterly office market indicators for Oakland / East Bay, aggregated by CREhunt from Cushman & Wakefield, Kidder Mathews, CBRE, Colliers. As of Q2 2026, average asking rent was $42.60/SF/yr and vacancy was 15.7%, per Kidder Mathews.
Projected current office pricing — Oakland / East Bay
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q2 2026 multiple brokerages data (cap rate 6.8%, asking rent held flat). Assumes ~84% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q2 2026 Cushman & Wakefield | — | — | 3K SF | — | Cushman & Wakefield |
| Q2 2026 Kidder Mathews | $42.60/SF/yr | 15.7% | -323K SF | — | Kidder Mathews |
| Q1 2026 Cushman & Wakefield | $5.00/SF/yr | 27.4% | 111K SF | — | Cushman & Wakefield |
| Q4 2025 Cushman & Wakefield | — | — | 9K SF | — | Cushman & Wakefield |
| Q4 2025 CBRE | $52.00/SF/yr | 17.5% | 200K SF | 240K SF | CBRE |
| Q3 2025 Cushman & Wakefield | $51.20/SF/yr | 17.8% | 140K SF | 280K SF | Cushman & Wakefield |
| Q3 2025 CBRE | $50.80/SF/yr | 18.2% | 120K SF | 270K SF | CBRE |
| Q2 2025 CBRE | $49.20/SF/yr | 19.0% | 30K SF | 310K SF | CBRE |
| Q2 2025 Cushman & Wakefield | $49.80/SF/yr | 18.5% | 50K SF | 320K SF | Cushman & Wakefield |
| Q1 2025 Cushman & Wakefield | $48.50/SF/yr | 19.2% | -180K SF | 350K SF | Cushman & Wakefield |
| Q1 2025 CBRE | $47.90/SF/yr | 19.8% | -200K SF | 340K SF | CBRE |
| Q3 2021 Colliers | $19.37/SF/yr | 8.3% | 325K SF | — | Colliers |
Office asking rents by submarket
The newest asking rent a named brokerage's report published for each Oakland / East Bay office submarket, with its publisher and quarter. Submarkets whose newest figure cannot be attributed, or falls outside a plausible range, are left out.
| Submarket | Asking rent | Source |
|---|---|---|
| Alameda | $3.02/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Albany | $2.62/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Berkeley | $3.26/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Castro Valley | $3.35/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| City Center Oakland CBD | $3.93/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| El Cerrito | $3.55/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Emeryville | $4.48/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Hayward | $2.09/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Jack London Square | $2.34/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Lake Merritt Oakland CBD | $3.95/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Northern Alameda | $4.42/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Oakland | $3.60/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Oakland Coliseum | $2.23/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Oakland Downtown | $3.85/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Oakland – Jack London Square | $3.10/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Richmond | $2.28/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Leandro | $2.63/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| San Pablo | $2.00/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
| Southern Alameda | $2.74/SF/mo Cushman & Wakefield · Q2 2026 | Cushman & Wakefield, Q2 2026 |
| Union City | $2.50/SF/mo Kidder Mathews · Q2 2026 | Kidder Mathews, Q2 2026 |
Frequently asked questions
- What is the average asking rent for office space in Oakland / East Bay?
- As of Q2 2026, the average asking rent for office space in Oakland / East Bay was $42.60/SF/yr, per Kidder Mathews.
- What is the office vacancy rate in Oakland / East Bay?
- The office vacancy rate in Oakland / East Bay was 15.7% as of Q2 2026 (Kidder Mathews).
- Where does CREhunt's Oakland / East Bay market data come from?
- This report aggregates quarterly office market data for Oakland / East Bay from Cushman & Wakefield, Kidder Mathews, CBRE, Colliers.