Colliers: Q2 2014 Walnut Creek Office Report

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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. The Walnut Creek Downtown submarket registered positive net absorption in the second quarter. Class A vacancy decreased 80 basis points to 13.4 percent. Class A registered 21,737 square feet of net absorption during the quarter, a seven quarter high. Class B registered 5,551 square feet of net absorption as vacancy fell 40 basis points to 12.1 percent.

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