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Multifamily Oversupply Risk Likely To Give Renters the Upper Hand in Downtown Oakland

Bayside Areas Collectively Account for Over Half of Units Underway In The East Bay
Downtown Oakland's current supply pipeline could keep rent growth depressed for some time.
Downtown Oakland's current supply pipeline could keep rent growth depressed for some time.
CoStar Analytics
November 28, 2023 | 3:55 P.M.

California’s East Bay is expected to face a relatively moderate apartment construction completion schedule over the next few quarters. However, core urban areas such as downtown Oakland will see a slew of new units come online. The East Bay’s second-largest area by number of apartments has just under 1,800 units underway that will expand the downtown rental housing inventory by 8.6%.

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