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East Bay/Oakland Q1 2026 Industrial Market Report

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MARKET TRENDS

  • The East Bay/Oakland industrial vacancy rate has continued to climb to 8.8%, up 30 basis points (bps) quarter over quarter and 110 bps year over year as demand remains soft.
  • Asking rents declined to $1.22 per square foot reflecting a combination of rising vacancy and competitive pricing strategies by landlords, including increased concessions.
  • Development activity has slowed in recent years due to softer market conditions, with 422,736 square feet currently under construction with no new deliveries.

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