Concord Office Market Trends

Office Rental Market

  • $24.88 2019 Avg. Asking Rent
  • 8.77 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Concord was $24.88 per square foot, and the office vacancy rate across the market averaged 8.77 %. During 2019, developers added 0 square feet of new office space to the Concord market inventory. Office developments estimated for delivery during 2020 total 0 square feet.

Average Office Asking Rents by Class

2019 Average Office Rent per Square Foot

  • Concord Class A Office Buildings$18.00
  • Concord Class B Office Buildings$24.94
  • Concord Class C Office Buildings$25.20
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Concord, CA Office Asking Rents by Class

Office asking rents vary across the Concord office market depending on several factors, one of which is property class. While rents for Class A office buildings in Concord averaged $18.00 per square foot in 2019, Class B office properties garnered average rental rates of $24.94 per square foot. Rental rates for Class C office property in Concord averaged $25.20 per square foot. On a statewide level, Class B office space rents averaged $34.34 per square foot, while rents for Class A office space across California averaged $51.59 per square foot. On average, Class C office properties in California commanded rents of $22.62 per square foot.

OFFICE CONSTRUCTION IN Concord, CA

  • Concord, CA Total Sqft completed in 2019 0
  • Concord, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Concord
Building name Address Total Sqft Year built
Swift Plaza - Building D 2000 Clayton Road, 94520 395,914 1986
One Concord Center 2300 Clayton Road, 94520 358,589 1988
One Concord Center 2300 Clayton Rd, 94520 358,589 1986
Concord Gateway I 1850 Gateway Blvd, 94520 316,241 1987
Concord Gateway I 1850 Gateway Blvd, 94520 300,995 1987
Swift Plaza - Building A 1655 Grant Street, 94520 292,896 1986
Metroplex Office Center - Tower I 1401 Willow Pass Road, 94520 231,000 2003
Two Corporate Centre 1390 Willow Pass Road, 94520 213,188 1986
Swift Plaza - Building B 2001 Clayton Road, 94520 203,642 1986
Swift Plaza - Building C 1755 Grant Street, 94520 184,606 1986
Largest Office Properties Recently Completed in Concord
Office building Address Sqft Completed
5003 Commercial Circle 5003 Commercial Circle, 94520 56,966 2007
Metroplex Office Center - Tower I 1401 Willow Pass Road, 94520 231,000 2003
5141 Commercial Circle 5141 Commercial Circle, 94520 36,252 2002
North Concord Business Park 5130 Commercial Circle, 94520 66,306 2000
5099 Commercial Circle 5099 Commercial Circle, 94520 34,974 2000
North Pointe Technology Centre 4005 Port Chicago Hwy, 94520 100,575 1999
John Muir Health - Behavioral Health Center & North Campus Buildings 2740 Grant Street, 94520 40,380 1992
4021 Port Chicago Hwy 4021 Port Chicago Hwy, 94520 66,400 1991
Garaventa Park - 2500 Bates Avenue 2500 Bates Avenue, 94520 112,701 1989
UFCW Plaza - North Building 1000 Burnett Avenue, 94520 99,112 1989
Data provided by Commercial Edge

Office Spaces for Rent in California

See trends for nearby markets

The Concord office market contains an inventory of 5,250,558 square feet of office space, in 66 buildings that are equal to or larger than 25,000 square feet.

This market trends report is based on analysis of city-level data. Averages were calculated based on values dated January 1st 2019 through December 31st 2019. Construction pipeline data shown is valid as of April 2020. The information on this page was compiled using data provided by our sister company, CommercialEdge – a market intelligence solution which offers comprehensive knowledge on all Concord commercial properties sized 25,000 square feet or larger.

While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor CommercialEdge can guarantee that the information provided is complete.