A third quarter market brief is expected next week, butpreliminary data indicates that 11 of the 12 East Bay marketsexperienced increases in rental rates over the last three months.The report in large part attributes the gain to astronomical rentsacross the bay in San Francisco, and larger stores of availablespace in the East Bay.

The biggest gains were seen in the Lakeshore neighborhood, withcurrent asking prices coming in at $36.12 per sf. This represents a34.4% increase over the second quarter of 2000. Oakland CBD rentsalso showed explosive growth this quarter, jumping more than 28% to$33 per sf.

Cushman & Wakefield's data also indicate that while rentsare going up, the stock of vacant space has increased as well.While CDB space in Oakland showed only a small increase inavailable space, non-CBD space vacancies overall have jumped to6.2%, from 4.8% the previous quarter.