Most listings are in the $60's per square foot per year. The Redwood Shores submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 8% decrease in rent.
Compared to the rest of the Silicon Valley market, the Redwood Shores submarket has more expensive rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 16 listings have been posted online, which means new availabilities most likley are going fast. You'll want to be prepared to make an offer immediately. About 31% of the office spaces in the Redwood Shores 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 on the market, so finding a space for a small business might be tough.
Even though the median size is 8,170 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market are approximately 4 stories. Most buildings in this region 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 occupants. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.