The East Bay’s lukewarm office market

I am usually less optimistic than others about how vibrant and dynamic the East Bay office market is, especially if I am in a room filled with landlord agents. In a number of subregions rents are rising, i.e. Downtown Walnut Creek Class A, but the current vacancy rate at 13.4% is still double-digits. It’s even worse when comparing to San Francisco or the Peninsula, which are on fire, but the East Bay is tepid at best. The Wall Street Journal agrees with me in their article “Bay Area’s Office Boom Stalls in the East. Oakland, Others See Little Evidence of an Uptick” which was published on 10/21/14. (The Wall Street Journal October 21 2014)