East Bay Office Group
Oakland Office Condo For Sale
How far have commercial real estate values fallen in the last year in the Oakland office market you might ask? The office condos at 428 Alice are an excellent case study.
In August of 2008 a 1,061 square foot office condo at 428 Alice in the popular Jack London Square area of Oakland sold for $235 per square foot. We currently have the listing on the remaining 2,119 square foot unit priced at $148 per square foot. This is a newly constructed office condo, built by Pulte, in a highly sought after area of Oakland.
We are fortunate that Pulte understands that it is better to beat the market down than to continue chasing it down. This is now the cheapest office condo in Oakland and we expect it to sell in a relatively short period of time due to the amount of interest already generated.
