Demand from tenants seeking office space in the Oakland market is strong with 95 tenants looking for more than 1.6 million sq. ft. in Q2 2021. Of the 95 tenants looking for space in the Oakland market, 20 are searching for space above 25,000 sq. ft. Vacancy percentage declined from 10.2% in Q1 2021 to 9.9% in Q2 2021. However, there was a slight availability rate increase from 17.4% in Q1 2021 to 17.5% in Q2 2021. Market-wide net absorption totaled 12,273 sq. ft. for Q2 2021. That’s a +36,043 square foot increase from Q1 2021 which was -23,770 sq. ft. Oakland CBD led the way with 99,209 sq. ft. of net absorption this quarter followed by Alameda with 4,176 sq. ft.