The typical asking rate per listing is in the $90's per square foot per year. The Foster City region is going through a decline in rates. In the last 3 months, the median rate fell $2 per sqft per year. That's a 2% decline in rent.
Compared to the rest of the Silicon Valley market, the Foster City region has greater rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 122 listings have come on the market, so you'll want to check back regularly for new listings. About 8% of the listings in the Foster City are subleases, so you will probably have to consider a longer term lease. 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 6,670 sqft, there are still 0 listings below 2,000 sqft. Most properties in this area are around 4 stories. Most buildings in this area 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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