Walnut Creek / Pleasanton Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, Cushman & Wakefield
Quarterly multifamily market indicators for Walnut Creek / Pleasanton, aggregated by PropZone from Lee Associates, Cushman & Wakefield. As of Q1 2026, average asking rent was $2509.26/SF with a 5.9% vacancy rate.
Projected current multifamily pricing — Walnut Creek / Pleasanton
low confidenceProjected asking rent
$2,509–$2,551/unit/mo
Estimated sale value
$252,722–$321,216/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.7%, asking rent trend-adjusted to today). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $2509.26/SF | 5.9% | 0K SF | — | Lee Associates |
| Q1 2026 | — | 2.9% | — | — | Cushman & Wakefield |
| Q3 2021 | — | 4.7% | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Walnut Creek / Pleasanton?
- As of Q1 2026, the average asking rent for multifamily space in Walnut Creek / Pleasanton was $2509.26/SF, per Lee Associates.
- What is the multifamily vacancy rate in Walnut Creek / Pleasanton?
- The multifamily vacancy rate in Walnut Creek / Pleasanton was 5.9% as of Q1 2026 (Lee Associates).
- Where does PropZone's Walnut Creek / Pleasanton market data come from?
- This report aggregates quarterly multifamily market data for Walnut Creek / Pleasanton from Lee Associates, Cushman & Wakefield.
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