On average, listings lease in the $30's per square foot per year. The Downtown Concord region is going through a a rise in rates. In the last 3 months, the median rate rose $2 per sqft per year. That's a 4% increase in rent.
Compared to the rest of the East Bay market, the Downtown Concord submarket has higher rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 30 listings have been made available, which means new listings most likley are leasing quickly. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 4,530 sqft, there are still 0 listings below 2,000 sqft. Most properties in this market are approximately 4 stories. Most buildings in this area were built in 1985 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Concord residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.