Market Trends

• The East Bay/Oakland industrial market recorded another quarter of negative net absorption, now totaling -1,687,981 square feet (sf) through Q3 2026, led by Oakland at -272,008 sf.
• Continued occupancy losses drove the vacancy rate to 9.7%, an increase of 50 basis points (bps) quarter over quarter and 130 bps year over year.
• Average asking rent declined to $1.26 per square foot (psf) in Q3 2026 from $1.30 psf in the previous quarter, as rising vacancy and elevated availability weighed on pricing.

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