Walnut Creek Office Vacancy Falls to 22.3% in Biggest Quarterly Drop Since 2015 as Owner-Users and Flight to Quality Fuel Rebound

The North I-680 office market cut its vacancy rate by 210 basis points to 22.3 percent in the third quarter, its steepest one-quarter improvement since 2015, as an owner-user purchase at Pleasant Hill BART, a shrinking inventory and tenants' pull toward top-tier buildings reshaped the corridor, according to Colliers.