MARKET TRENDS

• The East Bay/Oakland industrial market returned to negative absorption, totaling -67,292 square feet (sf) in Q4 2025. San Leandro led negative absorption, totaling -157,506 sf.
• Vacancy reached 8.6% at the end of 2025, reflecting a 120-basis-point increase from the previous year as demand remains soft amid economic and policy uncertainty.
• Asking rental rates declined 1.6% year over year and quarter over quarter to an average of $1.26 per square foot, reflecting market adjustments.

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