1150 Clay 1150 Clay's keyfeature will be a large rooftop deck offering expansive Bay andcity views.

OAKLAND, CA—Investors are eying a significant rental arbitragein the East Bay, targeting multifamily properties in East Oakland,Berkeley and the Fremont/Hayward corridor, according to a report byMarcus & Millichap. While the rent spread between East Bayassets and the broader Bay Area continues to contract rapidly, theexceptional valuation gap should encourage further capital flowsinto the metro.

And, adding more properties to the mix provides a furtheropportunity for these would-be investors. One current example is1150 Clay, a 16-story 288-unit multifamily building located between11th and 12th streets in downtown.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.