Maclennan Investment Group, Inc.

925.385.8798

  • Home
  • Services
    • Commercial Property Management
    • Commercial and Industrial Leasing and Sales
      • Commercial & Industrial Properties for Sale
      • Office, Retail, & Industrial Properties for Lease
    • Individual Investors
    • Note Purchases
  • About
    • Peter Maclennan
    • Book Peter
  • Blog
  • Investments
    • Contra Costa County Duplexes, Triplexes, and Fourplexes
    • Commercial & Industrial Properties for Sale
    • Investment Properties in Central Contra Costa
    • Alameda County Duplex, Triplex, and Fourplex Invesment Properties
    • Office, Retail, & Industrial Properties for Lease
  • Articles
    • Interest Rates and Investment Property Values
    • 5 Mistakes Instant Millionaires Make
  • Contact
    • eNewsletter
  • Note Purchases
  • Commercial Loans
You are here: Home / Bay Area Real Estate News / Good News for West Oakland

December 19, 2014 by Peter Maclennan Leave a Comment

Good News for West Oakland

West Oakland is slowly overcoming negativity. Its proximity to the economic activity in Emeryville, Oakland, and San Francisco have given rise to its popularity. The West Oakland BART station is only 10 minutes from the Embarcadero Station in San Francisco’s bustling financial district. This allows West Oakland to be “closer to downtown San Francisco” than many parts of San Francisco itself.

One of the downsides for the residents of West Oakland has been its paucity of food retailers. In fact, you can see on the map below from the USDA’s website that parts of West Oakland are in fact at least 1 mile from adequate access to groceries.

Map of West Oakland Food Desert

New Grocer in Town

Just today the SF Business Times published an article stating that a new grocer is going to be coming to West Oakland. The new market will be located in the Jack London Gateway shopping center at the corner of 8th Street and Market in Oakland. The developer, Tom Henderson, is partnering with the local organization West Oakland Marketplace Advancement Company on the project.

Real Estate Values Impacted

In my estimation, this will have a positive impact on real estate values. For urban residents, one of the advantages is not needing a car to access your local amenities. West Oakland’s lack of a large format grocery store has negatively impacted the walk-ability of real estate in this area, in turn making it less desirable.

Now that a grocer is planned to open in the neighborhood, this area will become even more attractive to those who want an urban lifestyle without paying San Francisco rents. Rents in West Oakland have been about 50% to 60% of what residential rents are in San Francisco.

Investing in West Oakland

For landlords and owners in West Oakland, it would appear that values are trending up. It appears to be a good time to invest in West Oakland!


Contact us at 925.385.8798 to find out about investing in West Oakland.


Share the love:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to email a link to a friend (Opens in new window)
  • More
  • Click to share on Pinterest (Opens in new window)
  • Click to print (Opens in new window)

Related

Filed Under: Bay Area Real Estate News, Real Estate Investing Tagged With: Bay Area, Real Estate Investing

About Peter Maclennan

Peter Maclennan is a Real Estate Broker at Maclennan Investment Group, Inc. a real estate brokerage and advisory firm. From novice investors to institutional property owners Peter provides tailored service to his client's needs. Call him today to discuss your real estate need at (925) 385-8798 or visit him on the web at https://www.maclennaninvestments.com. CA DRE License#01801793

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Commercial Real Estate Search

Commercial Real Estate

Top Posts & Pages

  • Interest Rates and Investment Property Values
  • Financing a Fourplex in California
  • Contra Costa County Duplexes, Triplexes, and Fourplexes

Listings

Warehouse for LeaseFor Lease! Light Industrial Warehouse 511 Wilbur Ave, A7 Antioch, CA 94509View Listing
Large Industrial Buiilding for LeaseFor Lease! Antioch Industrial Building 725 Fulton Shipyard Antioch, CA 94509View Listing

Commercial Real Estate Financing

Commercial Real Estate Financing

Peter Maclennan

Real Estate Broker
CA DRE #01801793
Twitter: @MaclennanInvest
Facebook: Maclennan Investment Group
[More …]

Topics

  • Bay Area Real Estate News
  • Benefits of Real Estate Investing
  • CA Real Estate
  • Commercial Leasing
  • Concord Real Estate
  • Contra Costa Real Estate
  • Industrial Real Estate
  • Investment Property
  • Listing
  • Martinez Real Estate
  • Mrs.' Questions
  • Real Estate Investing
  • Retirement Freedom
  • Seasons Greetings
  • Tenant Representation
  • Walnut Creek

Stay Informed!

Get notified of new listings, emerging trends, and more commercial real estate news.
* = required field

Recent Posts

  • Wishing You a Blessed Christmas & 2023!
  • For Lease! Antioch Industrial Building
  • Six Reasons Commercial Tenant’s Need an Agent…
  • Happy Independence Day!
  • Video Walk-Through of Martinez, CA Office for Lease

Company Profile

Welcome to Maclennan Investment Group, Inc., your East Bay Area real estate investment advisors. Maclennan Investment Group assists buyers and sellers of real estate maximize the investment potential of their real estate assets.

Learn More about us.
Offering real estate services in the communities of: Walnut Creek, Concord, Pleasant Hill, Martinez, Alamo, Lafayette, and surrounding cities.

Commercial Financing

Commercial Financing
Disclaimer: Information deemed reliable but not guaranteed. This site is not meant to offer legal or tax advice.

Equal Housing Opportunity

Contact Us:

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

925.385.8798

Maclennan Investment Group, Inc.
3380 Vincent Rd, Ste HUB
Pleasant Hill, CA 94523
p. (925) 385-8798
Licensed Broker in the State of California, DRE#01871809
Equal Housing Opportunity
Find us on Yelp!
Check out Maclennan Investment Group, Inc. on Yelp

Copyright © 2023 · Maclennan Investment Group, Inc.

 

Loading Comments...