Commercial Real Estate Market in Walnut Creek, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
219 active listings and 1,101 off-market properties in Walnut Creek, CA. Commercial property asks $144/SF to buy and $18.22/SF/Yr to lease.
Market Trends
Walnut Creek, CA spans 35.9 square miles in Contra Costa County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office vacancy in Walnut Creek, CA runs 20.8% across the West region in 2025, up from 11% in 2019.
Vacancy Rate % in West region
Retail
Retail space in Walnut Creek, CA asks $223/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Walnut Creek, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Walnut Creek, CA asks $387/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Walnut Creek, CA has 91,064 residents in 43,074 households. Density runs 2,533 people per square mile. Median household income here is $146,150 and median gross rent $2,686 a month.
91,064
Population
43,074
Households
2.1
Avg Household Size
46
Median Age
70%
College-Educated
97%
High-School Grad
35.9 sq mi
ZIP Area
2,533
Density / Sq Mi
$146,150
Median Household Income
$85,159
Median Earnings
$2,686
Median Rent
$1,112,837
Median Home Value
Tools
Lease vs Buy Breakeven
At $18.22/SF/Yr lease vs $144/SF buy → buying wins if held > 0.9 years.
At a 12.7% gross asking yield the payback reads short relative to leasing. Assumes 30% down at 6.5% fixed, 2% a year in taxes and upkeep, 3% appreciation, 5% opportunity cost, 2% closing plus 5% selling costs, and a 3% annual rent escalator.
Nearby Markets
Commercial property in Walnut Creek, CA asks $144/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Walnut Creek?
Commercial property in Walnut Creek, CA asks an average of $144 per square foot. The 5 most recent recorded sales traded at a median of $372/SF. Multifamily carries the highest asking price at $387/SF.
How much does it cost to lease commercial space in Walnut Creek?
Asking lease rates in Walnut Creek, CA average $18.22 per square foot per year.
Is it cheaper to lease or buy commercial space in Walnut Creek?
Buying beats leasing in Walnut Creek, CA if the property is held longer than 0.9 years, comparing $18.22/SF/Yr asking rent with $144/SF asking price. The model assumes 30% down at 6.5% fixed, 2% of value per year in taxes and upkeep, 3% appreciation, 5% opportunity cost on the cash and a 3% annual rent escalator.
Where does Realmo's Walnut Creek market data come from?
Realmo compiles Walnut Creek, CA figures from 5 recent recorded sales, 47 active sale listings, 172 active lease listings, 1,101 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 172 active for-lease listings in Walnut Creek, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · How Realmo checks market page data · Report a data issue
