Oakland has undergone a transformation in the past five years. Once a secondary market to San Francisco and Silicon Valley, Oakland has grown into a destination in and of itself on the sunny side of the Bay, where people love to live as well as work. With 1.7 million square feet of new office construction and renovation projects delivering through the end of 2020, expansion space is plentiful for regional and national tenants looking to expand or relocate.
What’s behind the momentum? As the entire Bay Area struggles to address housing shortages, Oakland is facing the issue head on. 1,951 apartment units have been built since 2017, and a further 5,898 are under construction. With a growing housing stock, and situated at the geographic center of the bay, Oakland is a transportation hub that appeals to institutional tenants and investors, as well as a growing educated workforce.
You’re Distinctive – and We are Too
Oaklanders pride themselves on their uniqueness - and the city’s businesses are no different. With over 30 professionals in our Oakland office, we’ll build a team based on your well-defined business priorities, goals, and culture. You’ll also enjoy the benefit of Cushman & Wakefield’s unparalleled suite of investor--and occupier-focused services-- including global research, insights and technology.
Looking Beyond Oakland?
Whether your portfolio extends beyond the Oakland, or you simply want to understand how global real estate trends can impact your strategy, we’re here to help. Cushman & Wakefield has a strong market presence throughout Northern California, with 12 offices and over 300 brokerage professionals. Additionally, our clients benefit from market intelligence and insights drawn from 400 global offices in 70 countries.
