Big Tech Moves Into Oakland while Construction Pipeline Swells

Cushman & Wakefield Releases Q2 Report for East Bay Oakland Office Market OAKLAND, Calif., July 23, 2019 – Cushman & Wakefield’s research department has released their second quarter 2019 market report for the East Bay Oakland office market. Below are the key findings from this report plus local expert commentary: VACANCY AND OCCUPANCY GROWTH BOTH ON UPSWING Vacancy in the East Bay Oakland office market was 10.5% at mid-year 2019, up modestly from a year ago, largely due to the new delivery of the 244,000-square-foot (sf) 2150 Webster building, that is unleased. Vacancy in the Oakland CBD was 10.3%, its first time above 10% in nearly five years. Keith Reichert, lead research analyst for Cushman & Wakefield’s Oakland office, said, “Despite a modest rise in vacancy, occupancy has increased by a significant 443,600 sf over the past year market wide, with the second quarter of 2019 achieving more than 200,000 [...]

“Eclectic Gem Property” Available in Oakland

  Eclectic Gem Property: An Architect's Dream Come True Several times a year, cushwakesanfranciso features an eclectic, interesting property ideally suited for a unique type of use. This month, 1433 Webster in Oakland, CA is the featured building. According to Associate Director Bart Damner of Cushman & Wakefield's San Francisco office, "Every once in a while you see a property or building that is a perfect fit for a very particular type of client. From the outside, it's clearly not the world's most beautiful building. However, the potential to convert this former parking garage into a vibrant, modern architect's or engineers office is clearly evident." Executive Director Ryan Hattersley of C&W's Oakland office also speaks enthusiastically about this property: "This Building has great potential and is ideally suited for a creative/open plan user that will take advantage of the high ceilings and let the light from the front of the building and skylights flow [...]

C&W Named Exclusive Leasing & Property Management Company for The Towers Emeryville

815,000 Square Feet of Office and Retail Space in Three Class A High Rise Buildings February 11, 2015 KBS and C&W Team Up KBS Real Estate Investment Trust III (KBS REIT III), a real estate investment trust based in Newport Beach, California has awarded Cushman & Wakefield the exclusive leasing and property management contracts for The Towers in Emeryville, California, located on Emeryville’s prestigious waterfront. Spearheading all leasing efforts for the 815,000-square-foot project are a seasoned C&W brokerage team led by Ryan Hattersley, Daniel Bisabri, Elisa Konik and Zach Siegel. “We are incredibly excited to be working together with KBS on The Towers, Emeryville’s premiere office project. KBS plans to make significant improvements to the project and to construct spec suites that are unmatched in quality in the entire East Bay market. This will allow our Tenants to elevate their businesses to the next level. We think there is significant demand [...]