The typical asking rate per listing is in the $40's per square foot per year. The Downtown Walnut Creek region is experiencing a decline in rates. In the last 3 months, the median rate decreased $13 per sqft per year. That's a 24% decrease in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek region has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 48 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 2,880 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this market are around 3 floors. Most buildings in this area were built in 1982 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 region. Commute by bike is the most popular way to get to work amongst Downtown Walnut Creek residents. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.