Bishop Ranch Nine new office leases totaling 212,355 square feet have been inked recently at Bishop Ranch.

SAN RAMON, CA—The East Bay/Oakland office market received a big boost from big tech in the fourth quarter of 2018, according to Cushman & Wakefield’s latest market report. Meanwhile, vacancy returned to single digits at 9.7% to close 2018.

“The East Bay/Oakland office market achieved more than 1 million square feet of gross absorption during the quarter which made up 40% of the market’s total 2.5 million square feet of gross activity in 2018,” said Molly Herrick, Cushman & Wakefield’s market director for the East Bay. “Occupancy levels were also improved in the fourth quarter with 116,000 square feet of positive net absorption, bringing the market to 130,200 square feet of overall annual growth. Over just the past five years, the East Bay/Oakland office market has seen robust occupancy growth totaling approximately 2.2 million square feet.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of 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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