On paper, Moretti said the city is well-positioned to take advantage of the economic moment. It has plenty of office space, a strong transportation system and enough available housing that should a boom occur, prices are unlikely to spike as high as they have in San Francisco.
While the average apartment rent in San Francisco is $3,518, it’s $2,019 in Oakland. Commercial office space in SoMa costs $57 a square foot compared with $26 a square foot in Jack London Square, according to the CBRE real estate firm.
It continues to feel like a big migration to Oakland is inevitable. Crime remains as issue, but even that appears to be getting better. With the prices in San Francisco, we’re nearing the tipping point.
oh look more gentrification