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East Bay/Oakland Q2 2025 Industrial Market Report

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MARKET TRENDS

  • The vacancy rate increased to 9.2% in Q2 2025, up from 6.5% a year earlier. Net absorption has been the primary driver of vacancy increases, with this quarter marking the sixth consecutive period of occupancy losses.
  • Despite elevated vacancy, asking rents held firm at $1.30 per square foot (psf) in Q2 2025, down 1.4% from the previous quarter but up 15.6% year over year.
  • Currently, under 100,000 square feet (sf) of space is under construction, reflecting a decline from 835,203 sf in the previous quarter. Additionally, 1.3 million square feet (msf) has completed and delivered this year.

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