The typical asking rate per listing is in the $40's per square foot per year. The Downtown Walnut Creek region is seeing a decrease 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 region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 37 listings have been listed, which means new listings might be leasing quickly. You'll want to be prepared to make an offer immediately. About 5% of the available leases in the Downtown Walnut Creek are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 3,120 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are approximately 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 region. Commute by bike is the most popular way to get to work amongst Downtown Walnut Creek occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.