The typical asking rate per listing is in the $90's per square foot per year. The Downtown San Mateo region is going through a a rise in rates. In the last 3 months, the median rate rose $19 per sqft per year. That's a 24% increase in rent.
Compared to the rest of the Silicon Valley market, the Downtown San Mateo submarket has more expensive rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 136 listings have been listed, so you'll want to check back regularly for new listings. About 15% of the listings in the Downtown San Mateo are subleases, so you might be able to snag a great spot on a short term. 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 3,680 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this area are approximately 3 floors. Most buildings in this region 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 folk. 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.
Get email notifications when new listings are posted that match your requirements.