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Capital markets driving rent growth in Walnut Creek

  • ​Investors are focused on the suburban core, where access to public transit and walkable amenities are “box-checkers” for institutional buyers. In the last 18 months, nearly all of Walnut Creek’s “BART assets” traded, including Walnut Creek Center and 3003 Oak Road which are directly adjacent to transit stations.
  • New owners are investing in property improvements and are successfully pushing rents up.
  • Class A rents in Downtown Walnut Creek and Pleasant Hill BART have increased 5.7 percent and 6.7 percent year-over-year, respectively. The rent premium for assets located adjacent to BART stations is roughly 6.5 percent above the market average. ​

Source: JLL Research, Real Capital Analytics​

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