Walnut Creek Office Rent Price & Sales Report

2024 Office Space Rent & Sales

  • $42.36 2024 Avg. Asking Rent
  • 25.83% 2024 Office Vacancy Rate

Walnut Creek office price per square foot in 2024 was $42.36 on average. The local office market recorded an average vacancy rate of 25.83% 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

Walnut Creek, CA Office Asking Rents by Class

2024 Office Vacancy Rates in Walnut Creek

Submarket Asking Rents Vacancy Rates
Walnut Creek - Central $49.71 22.80%
Walnut Creek - North $38.60 29.94%
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 Walnut Creek market was 25.83% in 2024. Looking at the market stats on a more granular level, data shows that the lowest office vacancy rate in Walnut Creek was 22.80% in the Walnut Creek - Central 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 Walnut Creek
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

Worth noting among recent office completions on the Walnut Creek market is Station Landing, which is currently the largest new office development in the city, at 241,798 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 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 Yardi Research Data can guarantee that the information provided is complete.