Oakland / East Bay Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, Cushman & Wakefield, Colliers, CBRE
Quarterly multifamily market indicators for Oakland / East Bay, aggregated by PropZone from Lee Associates, Cushman & Wakefield, Colliers, CBRE. As of Q1 2026, average asking rent was $2585.00/SF with a 5.3% vacancy rate.
Projected current multifamily pricing — Oakland / East Bay
low confidenceProjected asking rent
$1,400–$1,430/unit/mo
Estimated sale value
$162,240–$207,217/unit
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 Cushman & Wakefield data (cap rate 4.9%, asking rent trend-adjusted to today). Assumes ~91% occupancy and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $2585.00/SF | 5.3% | 0K SF | — | Lee Associates |
| Q1 2026 | $1400.00/SF | 9.0% | 2K SF | — | Cushman & Wakefield |
| Q1 2026 | — | 6.2% | 0K SF | — | Colliers |
| Q3 2023 | — | 4.8% | — | — | CBRE |
| Q3 2023 | — | 7.0% | 0K SF | — | Colliers |
| Q3 2023 | — | — | 12K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Oakland / East Bay?
- As of Q1 2026, the average asking rent for multifamily space in Oakland / East Bay was $2585.00/SF, per Lee Associates.
- What is the multifamily vacancy rate in Oakland / East Bay?
- The multifamily vacancy rate in Oakland / East Bay was 5.3% as of Q1 2026 (Lee Associates).
- Where does PropZone's Oakland / East Bay market data come from?
- This report aggregates quarterly multifamily market data for Oakland / East Bay from Lee Associates, Cushman & Wakefield, Colliers, CBRE.
Looking for active inventory? Browse multifamily listings, read how to buy multifamily property, see interactive market trends, or estimate a property's rent or price.