Walnut Creek Q2 Office Market Report & Forecast
Walnut Creek Rents Rising; Exceed 2007 Rates
The North I-680 leasing market showed modest improvement during the second quarter 2014. Class A vacancy decreased 90 basis points to 14.1 percent, Class B vacancy increased 60 basis points to 14.5 percent and Class C vacancy increased 10 basis points to 21.5 percent. These changes combined to result in total vacancy falling 20 basis points to 15.4 percent. The market as a whole absorbed 40,628 square feet, putting year-to-date net absorption at 158,064 square feet.