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CBD Overflow Leads to More Oakland Product

While the East Bay has served as a second-tier choice for top-tier employment with a large collection of housing submarkets and as a mostly suburban retail territory, it is attracting increasing investor attention as Silicon Valley and San Francisco hit historic peaks.

Oakland City Center KBS Strategic Opportunity REIT II recently purchased Oakland City Center.

OAKLAND, CA—The East Bay’s role in the Bay Area economy is changing fast. The once-second choice to San Francisco and Silicon Valley is attracting increasing attention as those metros hit historic peaks.

“Investor interest in Bay Area skyline assets is strong with domestic institutional and foreign investors chasing quality assets that provide stable value, especially in San Francisco and Oakland,” said Will Connors, managing director, JLL Capital Markets.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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