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Oakland Economic Dashboard Q4 2016

created using Minimalist template
published by Oakland

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Quarterly Economic Dashboard Q4 2016 October - December

Employment

Unemployment Rate

5.5%

Employment

Q4 2015: 5.5%

204,567

Q4 2016: 200,000

TOT Tax (Hotels)

Quarterly City Revenues

$7,057,371

Revenues collected and reported every quarter include Sales Tax, Real Estate Transfer Tax, and Transient Occupancy Tax. Although Oakland per capita Sales Tax revenues have been on the rise, they are still substantially lower than Alameda County or California averages.

Quarterly Revenue

$19,855,726

$12,841,152

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: 2.3% Rent/square foot: $8.48

East Bay: 3.3%, $8.40

Retail Vacancy: 2.7% Rent/square foot: $21.68

East Bay: 3.4%, $25.10

Office Average Rents/Square Foot

Quarterly Rent Average

Median Single Family Home Price

$73.65 SF

$37.05 OAK

$28.82 East Bay

Office Vacancy Rates

7.7% East Bay)

5.1% 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: 5.1% Rent/square foot: $ 37.05 Downtown: 4.2%, $47.34

East Bay: 8%, $28.82

Monthly Rent ($)

Sales Price ($)

8.2% SF

as of Fall 2016