Compared to the rest of the Silicon Valley market, the Downtown San Mateo submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot region.
In the last 90 days, 33 listings have come on the market, which means office spaces might be leasing quickly. You'll want to be prepared to make an offer immediately. About 9% of the available space in the Downtown San Mateo are subleases, so you will probably need to consider the implications of signing a direct lease with the building. There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 1,290 sqft. Most properties in this region are close to 3 stories. Most buildings in this region were built in 1968 and are Class B.
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 region. Commute by taxi is the most popular way to get to work amongst Downtown San Mateo residents. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.