The typical asking rate per listing is in the $50's per square foot per year. The Downtown Walnut Creek region is going through a a boost in rates. In the last 3 months, the median rate went up $8 per sqft per year. That's a 17% rise in rent.
Compared to the rest of the East Bay market, the Downtown Walnut Creek region has higher rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 23 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 17% of the office spaces 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 3,120 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this area are close to 3 stories. Most buildings in this market were built in 1980 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 region. 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.