Oakland Office Market Report
By CREhunt Research · Data through Q1 2026 · Aggregated from JLL, Kidder Mathews, Avison Young, Cushman & Wakefield, CBRE
Quarterly office market indicators for Oakland, aggregated by CREhunt from JLL, Kidder Mathews, Avison Young, Cushman & Wakefield, CBRE. As of Q1 2026, average asking rent was $43.92/SF/yr and vacancy was 32.2%, per JLL.
Projected current office pricing — Oakland
Projected asking rent
$43.74/SF/yr
Estimated sale value
$240–$312/SF
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 6.7%, asking rent held flat). Assumes ~74% occupancy and a 50–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 JLL | $43.92/SF/yr | 32.2% | — | — | JLL |
| Q1 2026 Kidder Mathews | $43.56/SF/yr | 13.6% | 95K SF | — | Kidder Mathews |
| Q1 2026 Avison Young | $40.56/SF/yr | 24.9% | — | — | Avison Young |
| Q1 2026 Cushman & Wakefield | $44.16/SF/yr | 27.4% | -111K SF | — | Cushman & Wakefield |
| Q4 2025 CBRE | $52.00/SF/yr | 17.5% | 200K SF | 240K SF | CBRE |
| Q4 2025 Cushman & Wakefield | $44.40/SF/yr | 27.1% | -233K SF | 250K SF | Cushman & Wakefield |
| Q3 2025 CBRE | $50.80/SF/yr | 18.2% | 120K SF | 270K SF | CBRE |
| Q3 2025 Cushman & Wakefield | $51.20/SF/yr | 17.8% | 140K SF | 280K SF | Cushman & Wakefield |
| Q2 2025 Cushman & Wakefield | $49.80/SF/yr | 18.5% | 50K SF | 320K SF | Cushman & Wakefield |
| Q2 2025 CBRE | $49.20/SF/yr | 19.0% | 30K SF | 310K SF | CBRE |
| Q1 2025 CBRE | $47.90/SF/yr | 19.8% | -200K SF | 340K SF | CBRE |
| Q1 2025 Cushman & Wakefield | $48.50/SF/yr | 19.2% | -180K SF | 350K SF | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for office space in Oakland?
- As of Q1 2026, the average asking rent for office space in Oakland was $43.92/SF/yr, per JLL.
- What is the office vacancy rate in Oakland?
- The office vacancy rate in Oakland was 32.2% as of Q1 2026 (JLL).
- Where does CREhunt's Oakland market data come from?
- This report aggregates quarterly office market data for Oakland from JLL, Kidder Mathews, Avison Young, Cushman & Wakefield, CBRE.
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