East Bay Ratchets Up as Place to Be

This 33-story high rise in downtown Oakland is to have 317 condominiums.

OAKLAND, CA—Historically, the East Bay has served as a second-tier choice for top-tier employment, as a large collection of housing submarkets and as mostly suburban retail territory. However, the East Bay’s role in the Bay Area economy is changing fast. As Silicon Valley and San Francisco hit historic peaks, the East Bay is attracting increasing attention in this cycle, but everyone is wondering if the eastward expansion will continue?

An East Bay outlook event was hosted by ULI San Francisco at the SPUR venue in Oakland last week to ask that question and explore the trends in development and investment shaping East Bay real estate. The inaugural event convened experts in housing and retail to review recent transactions and look into the near future.