Colliers International Q1 2014 Walnut Creek Office Report


The North I-680 Office leasing market improved across all class segments during the first quarter 2014. Class A vacancy decreased 40 basis points to 15.0 percent, Class B vacancy fell 130 basis points to 13.8 percent and Class C vacancy decreased 20 basis points to 21.4 percent. These changes combined to result in total vacancy falling 60 basis points to 15.6 percent. The market as a whole absorbed 117,436 square feet.

The Walnut Creek Downtown submarket absorbed space in the first quarter. Class A vacancy decreased 10 basis points to 14.2 percent. Class A registered 3,482 square feet of net absorption during the quarter. Class B registered 15,163 square feet of net absorption as vacancy fell 100 basis points to 12.3 percent. At 1850 Mt. Diablo Boulevard, Legacy Risk & Insurance Services leased 9,620 square feet on the fourth floor. Rudolph & Sletten took 3,320 square feet at 800 S Broadway. At 1801 Oakland Boulevard, Proforma Partners leased 2,760 square feet on the second floor.

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