Concord Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $37.81 2024 Avg. Asking Rent
  • 28.48% 2024 Office Vacancy Rate

Concord office price per square foot in 2024 was $37.81 on average. The local office market recorded an average vacancy rate of 28.48% across all asset classes combined.

See how this market compares to the national average: U.S. office space rent & sales.

Average Rent by Office Class

2024 Average Office Rent per Square Foot

  • California Class A & A+ Office Space$60.31
  • California Class B Office Space$38.42
  • California Class C Office Space$26.20

Concord, CA Office Asking Rents by Class

2024 Office Vacancy Rates in Concord

Submarket Asking Rents Vacancy Rates
Walnut Creek - North $38.60 29.94%
Concord $37.33 29.69%
Data provided by Yardi Research
Submarket differences in factors such as property mix, degree of accessibility, and availability of amenities influence not only variation in office rent price, but also in vacancy rates. The overall office vacancy rate on the Concord market was 28.48% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Concord was 29.69% in the Concord submarket, while the highest office vacancy in the market was 29.94%, recorded in Walnut Creek - North.

Office Spaces for Rent in California

Coworking Spaces in California

Largest Office Properties Recently Completed in Concord
Office building Address SF Completed
UFCW Plaza - North Building 1000 Burnett Avenue, 94520 99,112 1989
1800 Sutter Street 1800 Sutter Street, 94520 174,689 1988
Galaxy Office Park II 1000 Burnett Ave, 94522 97,000 1988
Two Corporate Centre 1390 Willow Pass Rd, 94520 213,188 1987
Swift Plaza - Building D 2000 Clayton Road, 94520 395,914 1986
Two Corporate Centre 1390 Willow Pass Road, 94520 213,188 1986
Swift Plaza - Building B 2001 Clayton Road, 94520 203,642 1986
UFCW Plaza - South Building 1001 Galaxy Way, 94520 79,406 1986
2655 Stanwell Drive 2655 Stanwell Drive, 94520 56,448 1983
Civic Executive Park 1485 Civic Ct, 94520 32,890 1983

Worth noting among recent office completions on the Concord market is UFCW Plaza - North Building, which is currently the largest new office development in the city, at 99,112 square feet.

Data provided by Yardi Research

See reports for other markets

This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market 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 Yardi Research Data can guarantee that the information provided is complete.