The typical asking rate per listing is in the $40's per square foot per year. The Downtown Walnut Creek submarket is experiencing a a boost in rates. In the last 3 months, the median rate rose $6 per sqft per year. That's a 13% increase in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 23 listings have been listed, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 65% of the office spaces 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 6,970 sqft, there are still 0 new availabilities below 2,000 sqft. Most buildings in this area are approximately 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 residents. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.