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Oakland Economic Dashboard Q3 2016

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Quarterly Economic Dashboard Q3 2016 July - September

Employment

Unemployment Rate

5.7%

Employment

Q3 2015: 5.8%

203,900

Q3 2015: 199,833

TOT Tax (Hotels)

Quarterly City Revenues

$5,816,491

Revenues collected and reported every quarter include Sales Tax, Real Estate Transfer Tax, and Transient Occupancy Tax. Due to the time needed for state collection and analysis, sales tax reporting for this quarter reflects spending during the previous quarter (Q2 2016. )

Quarterly Revenue

$22,932,938

$12,631,766

Sources: City of Oakland Revenue Department, HdL Companies

City Revenue Streams 2013-2016

Real Estate Transfer Tax

Sales Tax

Residential Real Estate

Commercial Real Estate

Residential Building Permits

Development Pipeline

Industrial Vacancy: 2.6% Rent/square foot: $9.56

East Bay: 5%, $10.29

Retail Vacancy: 2.8% Rent/square foot: $22.73

East Bay: 3.4%, $24.81

Office Average Rents/Square Foot

Quarterly Rent Average

Median Single Family Home Price

$73.59 SF

$32.39 OAK

$28.82 East Bay

Office Vacancy Rates

8.0% East Bay)

4.6% OAK

2,255 Units Under Construction 14,982 Units Approved 4,928 Units Pre-Application or in Review

2,625,956 Square Feet Under Construction 11,865,615 Square Feet Approved 1,030,855 Square Feet in Pipeline

H

1

C

20

Sources:HdL Companies, JLL, Zillow, CoStar Market Analytics, City of Oakland Planning & Building Department. Dashboard Compiled by Economic and Workforce Development Department. Contact or Subscribe: [email protected]

Housing

Commercial/ Industrial

Office Vacancy: 4.6% Rent/square foot: $ 32.39 Downtown: 3.2%, $43.87

East Bay: 8%, $28.82

Monthly Rent ($)

Sales Price ($)

8.3% SF