The typical asking rate per listing is in the $10's per square foot per year. The Walnut submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $18 per sqft per year.
In the last 90 days, 20 listings have been posted online, which means new listings most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 5% of the listings in the Walnut are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,490 sqft. Most properties in this region are around 2 floors. Most buildings in this market were built in 1967 and are Class C.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Health care is the dominant industry in this area. Commute by public transit is the most popular way to get to work amongst Walnut occupants. Commuting approximately 15 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Walnut.
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