The typical asking rate per listing is in the $100's per square foot per year. The Downtown San Mateo submarket is experiencing a an increase in rates. In the last 3 months, the median rate increased $31 per sqft per year. That's a 39% rise in rent.
Compared to the rest of the Silicon Valley market, the Downtown San Mateo region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 136 listings have been posted online, so you'll want to check back regularly for new listings. About 12% of the office spaces in the Downtown San Mateo are subleases, so you might be able to find a shorter term or below market rent. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 2,900 sqft, there are still 0 office spaces below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1967 and are Class B.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this market. Commute by taxi is the most popular way to get to work amongst Downtown San Mateo occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Downtown San Mateo.
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