On average, listings lease in the $70's per square foot per year. The Foster City region is seeing a an increase in rates. In the last 3 months, the median rate increased $11 per sqft per year. That's a 16% rise in rent.
Compared to the rest of the Silicon Valley market, the Foster City submarket has higher rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 12 listings have been made available, which means office spaces are probably going fast. You'll want to be prepared to make an offer immediately. About 8% of the available leases in the Foster City are subleases, so you will probably have to focus your search on direct office leases. 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 5,750 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this region are around 4 stories. Most buildings in this region were built in 1985 and are Class A.