""Oakland is securing its next chapter around essential and resilient sectors of our local economy, while also investing in industries poised for growth," Barbara Leslie, the chamber's president and CEO, said in a press release."
"Much of the city's employment growth is being driven by healthcare, which remains one of the biggest sectors in Oakland."
"The report cites some recent positive developments, including the opening of Samuel Merritt University's new $240 million campus in downtown Oakland and a planned $400 million cancer center by Stanford Medicine and Sutter Health."
"In the last quarter of 2025, the city's vacancy rate for office space was 17.6%. By comparison, the vacancy rate was around 7-9% between 2015 and 2019."
Oakland's economy is recovering from the COVID-19 pandemic, with positive indicators for 2025. Investments in healthcare are significant, including new facilities and centers. Employment has rebounded but remains stagnant at around 227,000 jobs. While healthcare drives growth, other sectors like retail and finance are declining. The real estate market faces challenges, with a high office vacancy rate of 17.6%, compared to 7-9% in previous years. Overall, Oakland's economic future is mixed, balancing growth in certain areas with struggles in others.
Read at The Oaklandside
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