On average, listings lease in the $30's per square foot per year. The Downtown Concord region is experiencing a a boost in rates. In the last 3 months, the median rate went up $4 per sqft per year. That's a 14% increase in rent.
Compared to the rest of the East Bay market, the Downtown Concord submarket has smaller rates, so you should have no trouble finding a great deal in this undervalued submarket.
In the last 90 days, 30 listings have been made available, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 7% of the available space in the Downtown Concord are subleases, so you will probably need to sign a longer term lease with the landlord directly. 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 2,910 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are approximately 4 stories. Most buildings in this area were built in 1985 and are Class A.
A large portion of this area is residential, but there's plenty of office_space. Education is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Concord occupants. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.