Most listings are in the $70's per square foot per year. The Redwood Shores submarket is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 7% decrease in rent.
Compared to the rest of the Silicon Valley market, the Redwood Shores region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have come on the market, which means new availabilities are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 17% of the available leases 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 posted, so finding a space for a small business might be tough.
Even though the median size is 11,300 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are close to 5 stories. Most buildings in this area were built in 1991 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 folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.