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)
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 % |
- 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
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 |
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 |
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 |
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.