City of Concord and Concord Gateway lure companies with extensive amenities and below $30 annual rent (Sponsored by Colliers)
Bank of America, Wells Fargo, Chevron, PG&E, T-Mobile, BevMo, Cerus and Bank of the West have all leased or developed significant employment centers in downtown Concord. Two BART stations, a major airport and three freeways within Concord provide unsurpassed access to the entire Bay Area. The recent eastward extension of BART out into the Highway 4 corridor provides direct employee mass transportation into Concord from east Contra Costa for the administrative hub of the Bay Area workforce.
Concord has approximately 5.5 million sq. ft. of office space and offers the most competitive rent and occupancy costs in the Bay Area for Class A office space. Annual full service rents below $30.00 per sq. ft. and free onsite parking provide tremendous occupancy-cost savings compared to 2-3 times this amount for SF and Oakland. The adjacent office markets of downtown Walnut Creek and Pleasant Hill BART by comparison are $45.00 to $63.00 per sq. ft.
Over 35% of the Concord Class A office market is owned by Sierra Pacific Properties, an 80-year old development firm based in Concord and focused on long-term ownership and management. Concord Gateway I & II and Metroplex Office Centre were developed by SPPI and they acquired 1200 Concord in 2017. In this portfolio SPPI has completed several large leases including Bank of America , PG&E , T-Mobile Fremont Investments , Wells Fargo Mortgage , Cerus and most recently GSA US Immigration .
Concord Gateway One at 1850 Gateway Blvd. is currently offering up to 225,000 contiguous sq. ft. at annual rents below $30.00 per sq. ft. with free onsite parking and building-top signage. The building provides 24-hour manned security in the main lobby, multiple fiber optics providers, tenant lounge, brand new fitness center and state of the art training/conference center. The 32,000 sq. ft. floor plates optimally provide both open and dense office layouts.
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