Title
Staff Report for a City of San Leandro City Council Resolution to Nominate The San Leandro Industrial Hub Area to the Association of Bay Area Governments & Metropolitan Transportation Commission for Adoption as a Priority Production Area
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends approval of a City Council Resolution to nominate The San Leandro Industrial Hub Area (SLIHA) to the Metropolitan Transportation Commission (MTC) and the Association of Bay Area Governments (ABAG) as a Priority Production Area (PPA) under the Plan Bay Area 2050, a long-range plan for the nine-county San Francisco Bay Area outlining strategies for growth and investment through the year 2050. MTC/ABAG are currently conducting the outreach and public planning process for Plan Bay Area 2050, which is expected to be adopted in summer 2021.
BACKGROUND
San Leandro's industrial area is among the strongest in the Bay Area, with a strategic location along I-880, excellent transportation access, relatively affordable real estate, and a strong identity within the region as a manufacturing center. Despite consistently low vacancy rates, the City remains competitive and generally has lower lease rates than comparable space in Berkeley, Emeryville, Oakland, and Fremont. The City continues to facilitate the adaptive reuse of its industrial land and building supply to meet the needs of the regional economy. Over the past several years, San Leandro has seen replacement of outdated industrial building stock, with over 1.5 million square feet of new Class A industrial buildings constructed or renovated, representing over $200 million in investment. Development interest in the industrial area continues, with new properties coming to the market and generating significant interest from local and national development teams and institutional investors.
San Leandro's industrial area has long served as the primary business and jobs base for the community. Approximately 19% of San Leandr...
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