Walnut Creek Office Market Trends

Office Rental Market

  • $35.68 2019 Avg. Asking Rent
  • 14.51 % 2019 Avg. Vacancy Rate
  • 0 2019 Office Completions (Sqft)
  • 0 2020 Estimated Pipeline (Sqft)
In 2019, the average asking rent for office space in Walnut Creek was $35.68 per square foot, and the office vacancy rate across the market averaged 14.51 %. During 2019, developers added 0 square feet of new office space to the Walnut Creek 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

  • Walnut Creek Class A Office Buildings$45.54
  • Walnut Creek Class B Office Buildings$32.85
  • CA Class A Office Buildings$51.59
  • CA Class B Office Buildings$34.34
  • CA Class C Office Buildings$22.62

Walnut Creek, CA Office Asking Rents by Class

2019 OFFICE VACANCY RATES

Submarket Asking Rents Vacancy Rates
Walnut Creek - Central $37.29 13.27 %
Walnut Creek - North $33.91 12.73 %
Data provided by Commercial Edge
  • The lowest office vacancy rate in 2019 in Walnut Creek was 12.73 % in the Walnut Creek - North submarket, where asking rents averaged $33.91.
  • The highest office vacancy rate in 2019 in Walnut Creek was 13.27 % in the Walnut Creek - Central submarket, where asking rents averaged $37.29.

OFFICE CONSTRUCTION IN Walnut Creek, CA

  • Walnut Creek, CA Total Sqft completed in 2019 0
  • Walnut Creek, CA Total Sqft under construction in 2020 0
10 Largest Office Buildings in Walnut Creek
Building name Address Total Sqft Year built
California Plaza 2121 North California Blvd, 94596 394,122 1984
Mt. Diablo Plaza 2175 North California Blvd, 94596 350,329 1985
Walnut Creek Executive Park - Buildings 1-6, 10 & 12 2815 Mitchell Drive, 94598 300,802 1974
Pacific Plaza 1340 Treat Blvd, 94597 253,320 1987
Station Landing 3055 Oak Road, 94597 241,798 2008
The Plaza At Walnut Creek II 1333 California Blvd N, 94596 207,247 1987
PMI Plaza 3003 Oak Rd, 94596 206,415 2002
The Plaza at Walnut Creek - Building 1333 1333 North California Blvd, 94596 200,831 1986
2999 Oak Road 2999 Oak Road, 94597 199,000 1991
Two Ygnacio Center 2033 North Main Street, 94596 191,199 1985
Largest Office Properties Recently Completed in Walnut Creek
Office building Address Sqft Completed
Station Landing 3055 Oak Road, 94597 241,798 2008
Three Ygnacio Center 2001 North Main Street, 94596 166,775 2002
Sequoia Surgical Pavilion 2405 Shadelands Drive, 94598 50,000 2000
Treat Towers - 1277 Treat Blvd 1277 Treat Blvd, 94597 191,171 1999
Treat Towers - 1255 Treat Blvd 1255 Treat Blvd, 94597 187,577 1999
2800 Mitchell Drive 2800 Mitchell Drive, 94598 85,000 1996
2999 Oak Road 2999 Oak Road, 94597 199,000 1991
3000 Oak Road 3000 Oak Road, 94597 99,062 1989
The Plaza at Walnut Creek - Building 1331 1331 North California Blvd, 94596 133,867 1988
Pacific Plaza 1340 Treat Blvd, 94597 253,320 1987
Data provided by Commercial Edge

Office Spaces for Rent in California

WALNUT CREEK OFFICE SALES TRENDS

  • $389.092019 Avg. Price per Sqft
  • 192.75 %Y-o-Y Avg. PpSF Change
  • $426.9M2019 Office Sales Volume
  • 52019 Number of Transactions

In 2019, office sales in Walnut Creek averaged $389.09 per square foot. This marked a 192.75 % increase in office price per square foot, compared to the previous year. A total of 5 office sales closed on the Walnut Creek office market in 2019, amounting to a total sales volume of $426.9M.

Average Office Sale Price per Sqft

Walnut Creek, CA Sales Trends

  • Walnut Creek Price per Sqft$389.09
  • California Price per Sqft$437.86

Office Sales - Trend and Volume

  • Walnut Creek, CA Total Office Sales Volume in 2019 $426.9M
  • Walnut Creek, CA Total Number of Office Sales Closed in 2019 5

Largest Walnut Creek Office Sales in 2019

Property name Address Date Price
California Plaza 2121 North California Blvd 9/19/2019 $156,863,500
Treat Towers - 1277 Treat Blvd 1277 Treat Blvd 10/28/2019 $94,488,180
Treat Towers - 1255 Treat Blvd 1255 Treat Blvd 10/28/2019 $92,711,820
Shadelands Business Park - 2637 Shadelands Drive 2637 Shadelands Drive 5/13/2019 $41,000,000
Shell Ridge Professional Park 106 La Casa Via 11/20/2019 $34,625,500
Data provided by Commercial Edge

See trends for nearby markets

The Walnut Creek office market contains an inventory of 8,592,917 square feet of office space, in 168 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 Walnut Creek 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.