Oakland's Office Market is now fuller than San Francisco's

[Maceart]

This is a good thing. More offices in Oakland means revitalizing the downtown area.

Also, it's much easier to get to Oakland than the Financial District. No bridges to cross and cheaper parking.

[WizardOfRadical]

Originally Posted by jade408

It is. And Oakland's vacancy rate has never been this low, at least that I can recall. Certainly not in the dotcom boom.

No it isn't. It is part of the greater SF MSA market. Oakland prices are influenced by SF thru and thru. To pretend that Oakland is it's own stand alone RE market is a simple denial of reality.

That would be like saying Cupertino is it's own market and not part of the Silicon Valley market.

[jade408]

Originally Posted by WizardOfRadical

No it isn't. It is part of the greater SF MSA market. Oakland prices are influenced by SF thru and thru. To pretend that Oakland is it's own stand alone RE market is a simple denial of reality.

That would be like saying Cupertino is it's own market and not part of the Silicon Valley market.

Not at all. In case you haven't been paying attention, Oakland has pretty much missed the boat in most of the economic booms of the Bay Area after roughly 1968. So the fact that Oakland office vacancies are really low tells you something has shifted in the fundamentals. There has been very little spillover in the past 40-50 years.

[WizardOfRadical]

Originally Posted by jade408

Not at all. In case you haven't been paying attention, Oakland has pretty much missed the boat in most of the economic booms of the Bay Area after roughly 1968. So the fact that Oakland office vacancies are really low tells you something has shifted in the fundamentals. There has been very little spillover in the past 40-50 years.

I have been paying attention. Just not attention to your false narrative to prop up Oakland.

A simple search of RE prices shows that Oakland has caught pretty much every boom and bust since people have been keeping track.

The boom in office space is a result in sky high costs in SF. It is cheaper to get office space in Oakland, and demographics that were not gentrified out of SF in the past, are now gentrified out and have no qualms with working in Oakland offices.

20 years ago very few professionals would be sold on working in DT Oakland. Now, it's a much easier sell. In the end it is nothing Oakland did on it's own. SF pretty much did everything, all Oakland did was open it's doors for the Yuppie/Hipster diaspora from SF.

[18Montclair]

Originally Posted by WizardOfRadical

I have been paying attention. Just not attention to your false narrative to prop up Oakland.

A simple search of RE prices shows that Oakland has caught pretty much every boom and bust since people have been keeping track.

The boom in office space is a result in sky high costs in SF. It is cheaper to get office space in Oakland, and demographics that were not gentrified out of SF in the past, are now gentrified out and have no qualms with working in Oakland offices.

20 years ago very few professionals would be sold on working in DT Oakland. Now, it's a much easier sell. In the end it is nothing Oakland did on it's own. SF pretty much did everything, all Oakland did was open it's doors for the Yuppie/Hipster diaspora from SF.

No one said Oakland did anything to encourage the influx of companies.. .lol salty much?- but as a matter of FACT, Downtown Oakland's office vacancy rate has plunged from 12% to 4% in the past year.

And office markets are not the same thing as metro areas...lol Oakland is in fact, its own office market.

Furthermore, 20 years ago, lots of professionals worked in Oakland. Kaiser Permanente, Clorox, UC, etc all worked in DT.

You should speak on what you know.

[WizardOfRadical]

Originally Posted by 18Montclair

No one said Oakland did anything to encourage the influx of companies.. .lol salty much?- but as a matter of FACT, Downtown Oakland's office vacancy rate has plunged from 12% to 4% in the past year.

And office markets are not the same thing as metro areas...lol Oakland is in fact, its own office market.

Why would I be "salty"? I live in a city filled with offices. But our office space does not fill up due to SF being expensive.

[18Montclair]

Originally Posted by WizardOfRadical

Why would I be "salty"?

I really havent a clue but its totally apparent that the thread topic is making you defensive. Why? Idk.

I live in a city filled with offices.

Would you like me to put a gold star on your forehead?

But our office space does not fill up due to SF being expensive.

Right. They come there when they cant afford Palo Alto or Mountain View.

[WizardOfRadical]

Originally Posted by 18Montclair

I really havent a clue but its totally apparent that the thread topic is making you defensive. Why? Idk.


Would you like me to put a gold star on your forehead?


Right. They come there when they cant afford Palo Alto or Mountain View.

Not defensive at all. This is good for Oakland. But it is a little misleading to make it out like Oakland is some nig office place. It's reoccupying office space that was mostly there when man first walked on the moon. It would be nice to see more high rise office space (and residential) in Oakland, IMO.

Why are they not building anything in Oakland? Booming markets at peak prices will make developers rich. They should be building like crazy now to poach all the middle class renters living in squalor in SF.

[04kL4nD]

They actually are building, but just like SF, it's not nearly enough to keep up with the demand. Oakland is filled with lots of NIMBYS too, unfortunately.

[Obamadon1]

They are not building office buildings and very few are building housing. There are still no cranes to be seen.