For the seventh time in the past eight months, the San Francisco metro area ranked as the nation’s hottest real estate market in February, with other Golden State cities also experiencing high demand amid limited supply conditions.
Oakland is seeing a lot of fast growth, new businesses – like Uber – and it’s changing fast. In 2016, people will continue to cross the bridge hoping to find an affordable place to live, driving up home values in Oakland neighborhoods.
In September 2014 Uber bought 1455 and 1515 Third St in San Francisco. Almost exactly a year later Uber bought 1955 Broadway Oakland. From the current Uber headquarters an Uber costs $9 and takes 13 minutes to get to the San Francisco location and $21 and 21 minutes to the Oakland Location. In 2013 we […]
Already, development interest in Oakland is starting to reach a frenzy, though there is still relatively little construction going on. A public site in the Uptown neighborhood garnered interest from eight housing developers. Real estate investors have also started to eye West Oakland, as the Business Times detailed in a cover story last month. “Oakland is going to fire up like you can’t imagine over next 12-to-18 months,” said Chris Foley, partner at the San Francisco-based condo sales and marketing group Polaris Pacific.
Oakland is a better place to invest in real estate than San Francisco for single-family rental property because of a higher return on investment and lower pricing, according to data from real estate firm HomeUnion.
Farm League is opening a restaurant called Arthur Mac’s Tap & Snack that will be located within a larger complex near Oakland’s MacArthur BART station. The project, a collaboration between Farm League and Ben Frombgen of San Francisco’s Bcooperative, will consist of a small indoor section with a larger outdoor beer garden and will serve “approachable food and beverage in a fun and relaxed setting.”
Oakland is about to get taller. For the first time in nearly a decade, the city has new high-rise buildings on the way, the latest a 27-story, mixed-use project at 1911 Telegraph Avenue, right across the street from the Fox Theatre, Henry J. Kaiser Park, and Uber’s future Oakland headquarters.
Three San Francisco companies moved to Oakland in the first quarter of 2015, contributing to a 20 percent jump in lease activity in the downtown, Uptown and Lake Merritt neighborhoods. New office and retail leases, expansions and completed company relocations rose to more than 120,000 square feet in the three neighborhoods, up from 100,000 square […]
Allowable Annual Rent Increase The annual CPI increase rate effective July 1, 2015 through June 30, 2016 is 1.7%, and cannot take effect earlier than July 1, 2015. Tenants can only be given one increase in any 12-month period, and the rent increase cannot take effect earlier than the tenant’s anniversary date (i.e., at least […]
Construction has started on a 25-unit housing project in Oakland’s Uptown neighborhood less than a block away from Uber’s future headquarters, more evidence that a wave of new market-rate residential development is coming to the city.