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% rise in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek region has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 63 listings have come on the market, so you'll want to check back regularly for new listings. About 13% of the listings in the Downtown Walnut Creek are subleases, so you might be able to find a shorter term or below market rent. 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 2,500 sqft. Most buildings in this region are close to 3 stories. Most buildings in this area were built in 1982 and are Class A.
A large portion of this market is residential, but there's plenty of office_space. Public administration is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Downtown Walnut Creek folk. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.