In 2024, the East Bay real estate market saw a rebound driven by falling property prices and growing investor interest. Although overall transaction volumes remained slightly below the historical average, the market showed clear signs of recovery across key sectors.
The industrial sector continues to dominate the East Bay market, accounting for approximately 40% of all sales. This aligns with a broader trend observed over the past two years, where industrial properties consistently attracted the highest level of investor attention.
The multifamily sector is also thriving, recording its highest sales volumes since 2022. Office spaces, traditionally a challenging sector in recent years, have shown notable improvements in demand.
Across the market, the general downward trend in property prices has created attractive opportunities for buyers to acquire assets at competitive rates. For many investors, this has been a chance to diversify portfolios and secure long-term investments. As prices stabilize and the market continues to improve, the East Bay is positioning itself as a hub for commercial real estate activity again.
Looking ahead, the positive momentum in 2024 is expected to carry into 2025. The East Bay’s resilience and adaptability highlight its potential for sustained growth in the years to come.
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Source: CoStar
