Life Companies Look for Exposure in East Bay

Rosewood Commons is a five-building 863,000-square-foot class-A office campus.

PLEASANTON, CA—Since 2006, nearly 1.95 million square feet of owner/user purchases have decreased the available stock of leasable office space, affirming these companies’ commitment to the area. Despite Pleasanton’s outstanding projected rent growth during the next five years, the city is still expected to provide an attractive average rental rate discount compared to the San Francisco CBD, Oakland CBD, Silicon Valley and the Peninsula, says CBRE research.

In an independent study commissioned by Apartment List, based on metrics measuring cost of living, quality of education, safety and child-friendliness, Pleasanton was recently ranked as the best-performing Bay Area city and also a top 20 city nationwide. It is home to one of the highest-profile tenant concentrations in the East Bay due to the quality of life, multifamily and for-sale housing and transportation. Notable companies with a corporate headquarters or major presence include GAP Inc., Ross Dress for Less, Thoratec, Workday, Clorox, Kaiser Permanente, Safeway and Oracle.