On average, listings lease in the $40's per square foot per year. The Downtown Walnut Creek region is experiencing a decline in rates. In the last 3 months, the median rate fell $8 per sqft per year. That's a 14% decline in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek submarket has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 23 listings have been made available, which means new listings are probably leasing quickly. You'll want to be prepared to make an offer immediately. About 83% of the available leases in the Downtown Walnut Creek are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.
Even though the median size is 4,470 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are close to 3 stories. Most buildings in this market were built in 1980 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Walnut Creek folk. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.