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Downtown San Mateo Commercial Real Estate For Lease

Downtown San Mateo

Market Report

Number of Listings For Lease
Posted in the last 180 days
14
Median Rate ($/sqft/yr)
$54
Median Size (sqft)
1,900

Downtown San Mateo Commercial Real Estate

Find Downtown San Mateo commercial real estate for sale and for lease on 42Floors, the commercial real estate search engine. Listings cover all types of properties including Retail, Office Space, Industrial, Medical and much more. Learn about Downtown San Mateo commercial real estate trends in 42Floors Research. Learn tips, tricks, and jargon about leasing or buying commercial real estate in 42Floors EDU.

Downtown San Mateo Rates

On average, commerial real estate listings lease in the $50's per square foot per year. The Downtown San Mateo region is seeing a decline in rates. In the last 3 months, the median rate for lease decreased $24 per sqft per year.

Compared to the rest of the Silicon Valley commercial real estate market, the Downtown San Mateo submarket has more expensive rates for rent, and you may need to make a great offer to be in this hot submarket.

Downtown San Mateo Listing Supply

In the last 180 days, 136 commercial real estate listings have been posted online, so you'll want to check back regularly for new listings. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

The standard size for office space in this area is around 1,900 sqft. Most properties in this region are around 3 stories. Most buildings in this region were built around 1967 and are Class B.

Downtown San Mateo Community

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.

Market Data

Real time and historical data on commercial real estate listings in Downtown San Mateo.
Research