Bay Area Office Update
Investment Marketing Forum
January 9, 2007
Greater Bay Area Office/Flex Availability
Tri-Valley 2,947,787 sf San Mateo 6,186,985 sf
I-680 1,688,388 sf San Francisco 9,400,000 sf
I-880 4,330,821 sf Marin 1,200,000 sf
San Jose 46,501,619 sf
East Bay Office Vacancy Rates & Rents
City Class A Vacancy Total Vacancy Class A Rental Rate
Downtown Oakland 611,706 sf 9.1% 1,668,401 sf 12.7% $2.40 - $2.75/sq. ft.
Emeryville 305,861 sf 13.2% 509,402 sf 12.7% $2.15 - $2.40/sq. ft.
Pleasanton 488,539 sf 8.0% 1,183,139 sf 9.9% $1.85 - $2.25/sq. ft.
San Ramon 1,113,853 sf 14.6% 1,188,861 sf 12.8% $1.90 - $2.25/sq. ft.
Walnut Creek 370,542 sf 13.4% 493,774 sf 10.6% $2.65 - $3.25/sq. ft.
Concord 219,422 sf 7.7% 343,565 sf 7.5% $2.00 - $2.25/sq. ft.
Ballpark Operating Expense Budget – Class A Office
San Francisco $14-$18/sf Walnut Creek $10-$15/sf
Oakland $12-$15/sf Garden Office $8-$12/sf
I love to pay brokers and service providers referrals so if you know anyone needing the very specialized services
of an Exclusive Tenant Representative (all I do is rep tenants and sell office buildings – absolutely no landlord listings!)
call me. I will provide your client the utmost in professional service and send you a nice check!
Jeffrey S. Weil, MCR.h, CCIM, SIOR
Senior Vice President
1850 Mt. Diablo Blvd., Suite 200
Walnut Creek, CA 94596
Ph. 925.279.5590 Fax 925.279.0450