Most listings are in the $60's per square foot per year. The Redwood Shores submarket is experiencing a a rise in rates. In the last 3 months, the median rate increased $3 per sqft per year. That's a 5% rise in rent.
Compared to the rest of the Silicon Valley market, the Redwood Shores submarket has greater rates, and you'll need to make a great offer to be in this hot submarket.
In the last 90 days, 16 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the listings in the Redwood Shores 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 available, so finding a space for a small business might be tough.
Even though the median size is 6,200 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1993 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Waste services is the dominant industry in this area. Commute by bike is the most popular way to get to work amongst Redwood Shores residents. Commuting close to 20 minutes a day is the norm for those who opt to reside in this part of town.