On average, listings lease in the $40's per square foot per year. The Downtown Walnut Creek region is going through a decrease in rates. In the last 3 months, the median rate fell $14 per sqft per year. That's a 26% decrease in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 23 listings have been posted online, which means new availabilities might be going fast. You'll want to be prepared to make an offer immediately. About 78% of the listings 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 available, so finding a space for a small business might be tough.
Even though the median size is 3,910 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this market are close to 3 stories. Most buildings in this market 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.