Living in the Bay Area is a dream for many homebuyers, and investing in it - a dream for investors
Discover Oakland's Real Estate
The warm Cali weather, long coastline and free lifestyle have made Oakland a dream destination for both tourists and home buyers. When you combine that with the accessibility, economic prosperity, and job opportunities Oakland offers, it’s becoming clear why it’s a hit destination for investors in 2020.
Culture, History, and Business
Oakland, or as locals like to call it – “The East Bay” is the eighth-largest city in California and a place over 400,00 people call home.
The city is a significant trade center due to its port, which is the busiest in the East Bay Area and employs more than 200,000 workers. Other main economic drivers in Oakland are Kaiser Permanente, The Clorox Company, Sungevity, Pandora Media, and Ask Media Group that have headquarters in the city.
However, Oakland has recently gained a lot of popularity for its renewable energy usage that has paved the way for essential steps in saving the planet. Brampton is rich in sporting heritage as well, home to the well-known Oakland Raiders and the Golden State Warriors teams.
Real Estate Appeal
Featuring a diverse population, lively cultural scene, shady oak trees, green spaces, and various tourist attractions, Oakland offers many opportunities to real estate investors. Besides the proximity to San Francisco, homebuyers and renters come to Oakland to find an affordable market that offers top-notch healthcare access, leisure options, as well as educational opportunities.
Due to the spike in prices, Oakland’s housing has become less affordable for first-time homebuyers, which is why most people have turned to rent as a more viable option. As a result, Oakland has become a city with one of the highest renting percentages in California – 60%, making it a safe place for investors to put their money in and earn through rental yields.
Because there are several million-dollar developments underway, the real estate market in Oakland is promising to give investors a lot of ways to turn their investment into profit in 2020.
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