Oakland’s Temescal district radiates with energy even at lunchtime on weekdays.   Restaurants abound, the area is filled with families and couples at Bakesale Betty and Genova Delicatessen. It was a common sight (until they closed) to see tiny tots playing in the indoor playground at SadieDey’s Café on Telegraph Avenue, while their tattooed parents were texting away.
Most people find that Temescal is a perfect blend of the old and the new.  It’s easy to get Berkeley, San Francisco and downtown Oakland, but it has a flavor all its own.
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Filed under Oakland Neighborhoods, Uncategorized · Tagged with oakland restaurants, temescal, temescal district, oakland, andrew carnegie, bake sale betty, bay area, condos, East Bay real estate, home sales, north oakland

Wow, for once Oakland can say it beat San Francisco at something. Oakland had one of the highest apartment rent spikes in the U.S. I have always thought Oakland had great potential for rental properties. We are finally starting to see some of the rewards for putting up with ineffective city council, excessive taxes and poor leadership.
From CNN – Rental prices have indeed increased over time and in fact skyrocketed in many cities across the United States.

Oakland, CA

photo credit: Hitchster via photopin  cc 

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Filed under Market Conditions, Uncategorized · Tagged with texas, calfifornia, Chicago, cities with high rents, oakland, colarado, rental market in San Francisco, denver, florida, houston, miami, san francisco, Minneapolis, minnesota, new york, philadelphia, seattle

The rental market in San Francisco has been on fire for months. I first noticed the trend around March 2011 when I called to get information on a nice little apartment building for sale in the Mission. The broker said he had 3 offers over asking. I knew immediately that the market had turned, and it has only goten stronger over the ensuing months as anyone in the real estate world can attest.

Young tech workers flush with huge salaries and stock options flock to desirable neighborhoods, driving up prices in an already competitive rental market. And when renters get priced out of San Francisco where do you think they go? You guessed it Oakland. Consequently the East Bay rental market, which lags about six months behind San Francisco, is beginning its run up. This is first seen in top markets such as Lake Merritt and Rockridge where BART provides easy access to San Francisco.
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Filed under Investing in Multi-Family, Market Conditions, Stories about Commercial Real Estate · Tagged with east bay, oakland, rental market in San Francisco, san francisco, san francisco bay area