On average, listings lease in the $90's per square foot per year. The Foster City submarket is experiencing a a rise in rates. In the last 3 months, the median rate rose $14 per sqft per year. That's a 18% rise in rent.
Compared to the rest of the Silicon Valley market, the Foster City submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 122 listings have been posted online, so you'll want to check back regularly for new listings. About 8% of the available space in the Foster City are subleases, so you will probably need to sign a longer term lease with the landlord directly. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
Even though the median size is 3,680 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this market are around 4 stories. Most buildings in this market were built in 1988 and are Class A.
Real time and historical data on commercial real estate listings in Foster City.
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