On average, listings lease in the $50's per square foot per year. The Downtown Walnut Creek submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $8 per sqft per year. That's a 17% rise 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 submarket.
In the last 90 days, 23 listings have come on the market, which means leases are probably going fast. You'll want to be prepared to make an offer immediately. About 17% of the available space in the Downtown Walnut Creek are subleases, so you might be able to sign a shorter term by taking over a previous lease. 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 3,120 sqft, there are still 0 leases below 2,000 sqft. Most properties in this area are around 3 floors. Most buildings in this region were built in 1980 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Public administration is the dominant industry in this market. 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.