Oakland’s Retail Submarkets’ Stability Reflects Uncommon History

Several Oakland retail submarkets are well on their way to recovery from the coronavirus pandemic based on a Q4 2020 report from John Cumbelich & Associates and past trends.
Following drops in performance in 2020, occupancy levels in the Grand Lake and Rockridge submarkets increased last quarter and both experienced positive net absorption. Occupancy levels in Grand Lake, Rockridge and Montclair were all above 90%, at 94%, 96% and 91%, respectively. While these levels would be considered healthy for most retail markets during more prosperous times, these submarkets have seen occupancy levels exceeding 99% in recent years.
“Historically, it’s the best market…

Leave a Comment

Your email address will not be published. Required fields are marked *