Office markets are in transition

After years of sleepy, slow moving market velocity in recent months, Downtown Oakland has been on fire. Brokers complain that they set up client tours a few days in advance only to find half the spaces are off the market by a tour day. One broker called it a ‘See it – take it’ market where reflection and indecision means lost space opportunities. Out in the suburbs, Concord has seen a surge of activity, with rental rates jumping $.25-.50/rsf per month just over the past 6 months.