On average, listings lease in the $50's per square foot per year. The Downtown Concord submarket is seeing a a rise in rates. In the last 3 months, the median rate went up $23 per sqft per year. That's a 80% increase in rent.
Compared to the rest of the East Bay market, the Downtown Concord submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 15 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 27% of the available space in the Downtown Concord 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 on the market, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,770 sqft. Most buildings in this region are close to 4 floors. Most buildings in this area were built in 1985 and are Class A.
A large portion of this region is residential, but there's plenty of office_space. Education is the dominant industry in this region. Commute by bike is the most popular way to get to work amongst Downtown Concord residents. Commuting more than an hour and a half a day is the norm for those who opt to reside in this part of town.