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SIOR/Cal Town Hall Zhou, Kapp, Weil, Andrew Tham, Maguire, Murray, Missirlian (L-R) attend a town hall meeting at Haas.

BERKELEY, CA—Oakland has recorded soaring office rents but its leasing activity is limited by the lack of available office space. Moreover, there will be approximately 6.5 million square feet of new East Bay warehouse product shell completed by first quarter 2018. In addition to that, there is another 5 million feet starting construction or working through planning approvals. This type of development would be about 15% of new warehouse inventory to the East Bay warehouse market, an amount virtually unheard of, said brokers at a recent town hall meeting held at the Haas School of Business at the University of California, Berkeley.

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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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