Steven Golubchik, vice chairman and head of capital markets at Newmark Group, says the small city of Emeryville, in the San Francisco East Bay area, is nine months to 12 months away from being as hot of a life sciences office leasing market as Kendall Square in East Cambridge, in greater Boston, thanks to Emeryville’s location between Berkeley and Oakland, and its proximity to San Francisco, UC Berkeley and Silicon Valley.
With current tenant demand of 630,000 square feet, the Northern East Bay has become one of the most desired locations for life sciences tenants in the Bay Area. Totaling 4.2 million square feet and representing 15 percent of the total Bay Area market, the Northern East Bay life sciences landscape boasts an availability rate of just
