Quickly following a recent report that Oakland apartment rents have risen faster than any other city in the Bay Area (including San Jose), it looks like commercial leasing is heading the same direction:

Oakland is in a prime position to attract tech tenants that could be priced out or simply can’t find space in the West Bay, said Bill Cumbelich, a broker with CBRE. Cumbelich mostly concentrated on San Francisco, but is now handling leasing for Oakland office buildings.

In the past, price was the primary reason to defect from San Francisco to the East Bay, but the scenario has changed. Oakland now boasts many of the urban amenities that draw tech tenants to San Francisco: proximity to BART and other public transportation, restaurants and nightlife. On top of that, housing is more affordable.

via Oakland looking more and more like the new SoMa for tech leasing – San Francisco Business Times.

I’ll vouch for the amenities and transportation, but if we don’t create more infill development soon the affordability will be short lived.