Walnut Creek Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Walnut Creek is $46.08 per square foot, 8.78% higher compared to the previous year.
  • The market’s vacancy rate stands at 27.69%, higher than the state average of California, which is 18.44%.

2025 Office Space Rent & Sales

  • $46.08 2025 Avg. Asking Rent
  • 8.78% Y-o-Y Avg. Asking Rent Change
  • 27.69% 2025 Office Vacancy Rate
  • $138.7M2025 Total Office Sales
  • $182.82Avg. Sale Price/SF

What is the average asking rent price for office space in Walnut Creek?

Average asking rents for office space here stand at $46.08 per square foot. The local office market recorded an average vacancy rate of 27.69% in 2025, unchanged from 27.69% in 2024.

Office transactions in the local market in 2025 totaled a sales volume of $138.7M across 5 sales. These transactions commanded an average sale price per square foot of $182.82.

Walnut Creek, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Walnut Creek, CA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Walnut Creek was Walnut Creek - Central at 22.50%. Meanwhile, the highest office vacancy rate in the market was 33.07%, recorded in Walnut Creek - North.
Submarket Asking Rents Vacancy Rates
Walnut Creek - Central $55.13 22.50%
Walnut Creek - North $41.42 33.07%
Data provided by Yardi Research

Explore Top Office Markets in California

2025 Office Sales Volume

  • $182.822025 Avg. Price per SF
  • $138.7M2025 Office Sales Volume
  • 52025 Number of Transactions

What is the average sale price per square foot for office space in Walnut Creek?

Average sale prices for office space in this market recorded a -55.47% change in 2025 compared to the previous year.
Office transactions recorded in the market in 2025 averaged $182.82 per square foot. For comparison, the statewide California average during the same time period stood at $295.06 per square foot, while the national average was $182.48 per square foot.

Walnut Creek, CA Sale Price per SF Trend

  • Walnut Creek Avg. Sale Price per SF in 2025$182.82
  • California Avg. Sale Price per SF in 2025$295.06

What was the total office sales volume in Walnut Creek in 2025?

The local office market recorded 5 deals in 2025, adding up to a yearly sales volume of $138.7M.

  • Walnut Creek, CA Total Office Sales Volume in 2025 $138.7M
  • Walnut Creek, CA Total Number of Office Sales Closed in 2025 5
Data provided by Yardi Research

What are the largest recent office completions in Walnut Creek?

The largest recent office completion here is Pacific Plaza at 253,320 square feet, completed in 1987. The next largest completions are Station Landing and PMI Plaza.

Office building Address SF Completed
Station Landing 3055 Oak Road, 94597 241,798 2008
Olympia Place 1697 Mt. Diablo Blvd, 94596 114,627 2003
PMI Plaza 3003 Oak Road, 94597 190,706 2002
Three Ygnacio Center 2001 North Main Street, 94596 166,775 2002
1670 Riviera Ave 1670 Riviera Ave, 94596 2,581 1991
1555 Riviera Avenue 1555 Riviera Avenue, 94596 77,140 1990
YGNACIO STATION 1756 Lacassie Ave, 94596 7,875 1989
500 Ygnacio 500 Ygnacio Valley Road, 94596 105,495 1988
Pacific Plaza 1340 Treat Blvd, 94597 253,320 1987
The Atrium on Broadway 1981 North Broadway, 94596 107,000 1987
Data provided by Yardi Research

See reports for other markets

Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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.