Most listings are 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 $5 per sqft per year. That's a 10% decrease in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek region has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have been posted online, which means new listings might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases in the Downtown Walnut Creek are subleases, so you might be able to snag a great spot on a short term. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,950 sqft. Most buildings in this area are around 3 stories. Most buildings in this market were built in 1982 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 market. Commute by bike is the most popular way to get to work amongst Downtown Walnut Creek occupants. Commuting close to an hour a day is the norm for those who opt to reside in this part of town.