Walnut Creek Commercial Real Estate And Office Space For Rent

Description:

Walnut Creek:

Walnut Creek is a dynamic community located in central Contra Costa County. The community is well served by major freeways and mass transit, and has a long history of careful strategic planning to capture economic opportunities. The convenient transportation system is plus advantage for businesses that are looking for commercial office space as well as office space property. Furthermore, because of this easy access to the highway, businesses find it advantageous to locate their commercial real estate or office space in this city. Today, Walnut Creek serves as the regional “downtown” for much of Contra Costa and eastern Alameda counties, with dense urban development in the City’s downtown core. These features attract many businesses to find commercial real estate and commercial listings, as well as commercial office space and industrial properties. These competitive advantages have evolved as Walnut Creek has grown and matured, and have been viewed by Walnut Creek’s residents and workers, as well as by other communities in the Bay Area, as highly desirable. Many businesses have found it an advantage to find commercial listings in this city.

Companies who look for spaces in Walnut Creek also search in these neighboring cities: Concord, Martinez, and Antioch.

Office space: From a long-term perspective, Walnut Creek has experienced a stable and diverse economy, with modest population growth, strong job growth, and healthy core small businesses. This development proves a bright future for businesses to find commercial listings and office space availabilities through Rofo.  Walnut Creek’s downtown office vacancy rate as of the 3rd quarter 2003 was 10.5 percent, which, while relatively high for Walnut Creek (because of historically very low vacancy rates), would be considered exceptionally strong by analysts in the current economy.

Its highly educated and skilled resident workforce continues to foster and attract entrepreneurs and growing companies. Many companies like to locate in this city because of its proximity to a very educated work force. Almost 54 percent of Walnut Creek’s adult population has attained a bachelor’s degree or higher, compared to just 35 percent for the County’s residents and 37 percent for the Bay Area overall. This high degree of educational attainment will continue to be an important factor in retaining existing businesses and attracting employers to Walnut Creek. This makes it an attractive place for companies to base office space in this city. Small office spaces can be found using Rofo’s innovative search technology.

Walnut Creek’s economy sustains numerous small businesses with up to 25 employees. Of the total of 3,482 businesses located in Walnut Creek In 2002, 89 percent (over 3,100 businesses) had 25 or fewer employees.
 

Retail space: Walnut Creek attracts many residents from surrounding towns and makes it a great location to start a retail business. One of Walnut Creek’s clear core strengths is its retail sector. Women’s Wear Daily has identified Walnut Creek as one of the top retail districts in the nation, based on rent levels. Other than La Jolla, all of the other cities on this list are major metropolitan downtowns (such as Manhattan, Boston, Philadelphia, and Seattle). Walnut Creek had the highest per capita retail sales levels of any city analyzed for the Background Report. With almost $22,000 in sales per capita, Walnut Creek was about even with Palo Alto, and far exceeded cities such as Pleasanton, Pleasant Hill, San Francisco, Santa Barbara, and Concord. Major regional retailers and arts/entertainment venues, located side-by-side with locally-owned specialty stores and restaurants, thrive on the downtown’s ambiance and synergy. This area offers significant amounts of small retail spaces that are perfect for small shops and restaurants. This central location has lead to many available commercial real estate and commercial listings. The attractions that this city offers make it a great place for businesses to find commercial properties for rent or commercial real estate for lease. Retail space in this city can be found on Rofo at affordable prices.

Quick Market Stats:

Walnut Creek- BART

There's roughly 2,000,000 square feet of office space with a rough overall vacancy rate of 16%.  The average asking rates for office space is $3.00(fs).


Walnut Creek- Downtown

There's roughly 3,000,000 square feet of office space with a rough overall vacancy rate of 10%.  The average asking rates for office space is $3.00(fs).


Walnut Creek- Shadelands

There's roughly 3,000,000 square feet of office space with a rough overall vacancy rate of 10%.  The average asking rates for office space is $2.00(fs).