The typical asking rate per listing is in the $40's per square foot per year. The Downtown Walnut Creek submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $2 per sqft per year. That's a 6% increase in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek submarket has greater rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 58 listings have been listed, so you'll want to check back regularly for new listings. About 12% 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 area are approximately 3 floors. 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 occupants. Commuting around an hour a day is the norm for those who opt to reside in this part of town.