Contact Us
News

Uber Considering Office Expansion into Oakland

WASHINGTON DC 09.14.2017

7TH ANNUAL FUTURE OF PRINCE GEORGE'S COUNTY

Exclusive Bisnow Cocktail Hour to Follow Panels!

Jane Cafritz -- Calvin Cafritz Enterprises
Steve Schwat -- Urban Investment Partners (UIP)
Nina Albert -- Washington Metropolitan Area Transit Authority (WMATA)
Uber Considering Office Expansion into Oakland

Uber is considering an office expansion across the bay into Oakland and has reportedly toured several of the city’s larger available spaces and sites. To date, Uber’s growth in the area has been focused on San Francisco, where the company has either moved into or has deals in place for nearly 900k SF of additional space. One reason for the possible expansion could be the number of employees that call Oakland home. Residential rents have skyrocketed in San Francisco and Oakland is beginning to see more residential development. Although no deal is imminent, asking rents that are roughly 40% cheaper than San Francisco could also be a motivating factor. [SFBT]

Related Topics: Oakland, Uber