The office property at 2890 N. Main St. is 94% leased with US Bank as its anchor tenant.
WALNUT CREEK, CA—Asking rent discounts between the North I-680 corridor and similar class-A markets such as San Francisco and Oakland are at an all-time high of 48% and 23% respectively, causing tenants in those markets to seek more affordable transit-oriented locations along the corridor, says Newmark Knight Frank. And indeed, that's what is happening in the office market along North Main.
In response to this popularity, Century | Urban, a real estate investment and advisory firm, recently acquired a 42,667-square-foot office building at 2890 N. Main St. The three-story building is 94% leased with US Bank as its anchor tenant.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
