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Vacancy Rates Slip Behind Along the North I-680 Corridor

WALNUT CREEK, CA-Overall office vacancy rates for the North I-680 corridor stand at 5.8%, up from 4.1% at the end of 2000. It could have been worse--if there had been more reliance on the tech-sector.

By Christina Chanes Nystrom | Updated on May 30, 2001

WALNUT CREEK, CA-The pace has slowed and the North Interstate 680 corridor has not seen the increase in vacancy rates that Silicon Valley and San Francisco have seen. That, at any rate, is the conclusion of a recent market study completed by Colliers International.

Ed Del Beccaro, managing partner of the Walnut Creek office, does offer a glimmer of hope, and he tells GlobeSt.com that, with healthy levels of interest expressed in the market, the office corridor is expected to land softly during this economic slowdown.

Overall office vacancies for North I-680, an area that includes Walnut Creek, Concord, Alamo, Danville, Lafayette, Orinda and Moraga, are 5.8%, up from 4.1% at the end of 2000. Del Beccaro adds that asking rates are $2.60 per sf fully serviced as compared with $2.42 per foot fully serviced at the end of 2000.

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