On average, listings lease in the $40's per square foot per year. The Downtown Walnut Creek submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $48 per sqft per year.
Compared to the rest of the East Bay market, the Downtown Walnut Creek region has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 23 listings have been listed, which means office spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 109% 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 available, so finding a space for a small business might be tough.
Even though the median size is 2,960 sqft, there are still 0 leases below 2,000 sqft. Most buildings in this area are close to 3 floors. Most buildings in this market were built in 1980 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 market. Commute by bike is the most popular way to get to work amongst Downtown Walnut Creek occupants. Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.