OAKLAND, CA—The proposed $2-billion Coliseum City project details were recently outlined in an environmental impact document giving the estimates of what the 800-acre project would include in terms of planned sports and entertainment district, residential neighborhood, retail, hotels, and office space between the Downtown and airport area.

According to JLL, which looked at, and analyzed the document, Coliseum City would create a new submarket in the Oakland metro market due to the proposed size of the office, commercial, and industrial space. In turn, the firm says, it could have a long-term effect on an increase in rental rates as well as lower vacancy in the overall Oakland market “if tenants are attracted to being close to the sports arenas as well as vast amenities it proposes to offer.”

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