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Contra Costa County retail building property tax appeals are significantly affected by key metrics such as market vacancy and market rent. These recent trends are summarized below.
| Vacancy % | Total Available % | Total Inventory SF | Average Asking NNN Rent | |
|---|---|---|---|---|
| North Bay | 3.37% | 5.06% | 27,980,368 | $25.55 |
| East Bay | 6.27% | 8.58% | 52,504,697 | $30.56 |
| West Bay | 5.26% | 5.92% | 12,809,448 | $45.79 |
| South Bay | 4.83% | 6.08% | 38,179,947 | $35.91 |
| Total Bay Area Retail Market | 5.14% | 6.85% | 131,474,460 | $32.75 |
Analysis By WPA 2023
Data By CBRE Market Research 2023
The largest cities in Contra Costa County by population include: Concord, Antioch, Richmond, San Ramon, Pittsburg, Walnut Creek, Brentwood, Danville, Oakley, Martinez, and Pleasant Hill.
Contra Costa County office property tax appeals are significantly affected by key metrics such as market vacancy and market rent. These recent trends are summarized below.
| Vacancy % | Total Available % | Total Inventory SF | Average Asking Rent | |
|---|---|---|---|---|
| Walnut Creek – DT Total | 20.9% | 22.3% | 4,610,474 | $3.61 |
| Walnut Creek – DT Class A | 22.2% | 23.9% | 2,758,956 | $4.06 |
| Walnut Creek – Ygnacio Total | 20.8% | 22.5% | 1,850,298 | $2.21 |
| Walnut Creek – Ygnacio Class A | 25.1% | 25.1% | 606,982 | $2.35 |
| Total I-680 Market - Class A | 23.0% | 29.5% | 22,527,118 | $3.21 |
| Total I-680 Market | 19.5% | 24.1% | 35,709,251 | $3.03 |
Analysis By WPA 2023
Data By CBRE Market Research 2023
Cities included in this market include Walnut Creek Downtown, Walnut Creek Ygnacio Valley, Pleasant Hill, Concord, Martinez, Pitsburg, Antioch, Lamorinda, Alamo, Danville, San Ramon, Livermore, Dublin, and Pleasanton.
Contra Costa County industrial building property tax appeals are significantly affected by key metrics such as market vacancy and market rent. These trends are summarized below.
| Vacancy % | Total Available % | Total Inventory SF | Asking Rent Avg. Mfg. | Asking Rent Avg. Whse. | |
|---|---|---|---|---|---|
| Concord | 1.90% | 1.90% | 8,020,151 | $1.25 | $1.40 |
| Martinez/Pacheco | 1.50% | 2.30% | 2,458,309 | $1.15 | $1.25 |
| Pleasant Hill | 3.10% | 3.10% | 391,324 | $1.15 | $1.25 |
| Walnut Creek | 0.20% | 0.20% | 991,703 | $1.50 | $1.50 |
| Antioch/Oakley | 3.90% | 4.00% | 3,557,371 | $0.70 | $0.90 |
| Pittsburg | 14.60% | 17.40% | 4,392,938 | $0.65 | $0.85 |
| Brentwood | 0.40% | 0.40% | 2,470,620 | $1.15 | $0.15 |
| Concord | 1.90% | 1.90% | 8,020,151 | $1.25 | $1.40 |
| Total Warehouse | 3.90% | 4.50% | 14,951,626 | N/A | $1.08 |
| Total Manufacturing | 11.80% | 12.80% | 3,048,423 | $1.08 | N/A |
| Total Flex | 1.30% | 1.80% | 4,282,367 | N/A | N/A |
| Total Industrial Market | 4.50% | 5.10% | 22,282,416 | $1.08 | $1.08 |
Analysis By WPA 2023
Data By CBRE Market Research, February 3, 2023 (Published), As of December 31, 2022
2022 Year End Indicators
* Uneven, non-linear recovery across industry segments.
* Overall construction pipeline activity is down. Some December 2022 growth in construction is seen.
Contra Costa County hotel property tax appeals are significantly affected by key metrics such as market vacancy and market rent. These trends are summarized below.
| UNITED STATES DATA | Total | Change From 2019 |
|---|---|---|
| Occupancy | 62.70% | -4.90% |
| ADR | $149.00 | 13.6% |
| RevPAR | $93.27 | 8.10% |
Analysis By WPA 2023
Data By STR, TE, February 3, 2023 (Published), As of December 31, 2022
2022 Year End Indicators
* Uneven, non-linear recovery across industry segments.
* Overall construction pipeline activity is down. Some December 2022 growth in construction is seen.
Contra Costa County retail building property tax appeals are significantly affected by key metrics such as market vacancy and market rent. These recent trends are summarized below.
Contra Costa County is situated north of Alameda County, west of San Joaquin County, south of Sacramento and Solano County, and east of the San Francisco Bay, with San Francisco, Marin, and Sonoma just on the other side of the Bay. Both the Hayward Fault and the Calaveras Fault lines pass through the county as well as the Concord Fault, the Diablo Fault, and the Clayton-Marsh Creek-Greenville Faults.
The I-680 Office Market in the first quarter of 2023 hit vacancy and availabilities of 29.5% (including both direct vacancy and sublease availabilities) in the first quarter for Class A space. This level exceeded the overall average for office space of 24.1%. Absorption for Class A space was negative 256,844 SF for the quarter alone, indicating rising vacancy trends, whereas non-Class A space was slightly positive absorption. The total market inventory is 35,709,251 square feet, of which 22,527,118 square feet are Class A.
Among the largest office sub-markets in Contra Costa County by inventory are Pleasanton with 8,546,640 square feet, San Ramon with 7,482,232 square feet, and Concord with 4,965,836 square feet. All three sub-markets experienced negative net absorption in the first quarter. Total vacancy and availabilities rose in Pleasanton to 30.3% for Class A space and 25.5% overall, in San Ramon to 29.3% for Class A space and 25.3% overall, and in Concord to 37.9% for Class A space and 29.7% overall.
Walnut Creek availabilities were 22.3% in the Downtown and 22.5% in the Ygnacio Valley submarkets, with Class A space notching yet higher availabilities of 23.9% and 25.1%, respectively. As a result of these trends, absorption in both of these submarkets was barely positive overall, yet for Class A space alone absorption broke into negative territory.
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