On average, listings lease in the $60's per square foot per year. The Foster City submarket is experiencing a decrease in rates. In the last 3 months, the median rate decreased $16 per sqft per year. That's a 20% decline 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 region.
In the last 90 days, 6 listings have come on the market, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 83% of the listings in the Foster City are subleases, so you might be able to sign a shorter term by taking over a previous lease. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
The standard measurement for office space in this area is around 2,480 sqft. Most buildings in this region are close to 4 stories. Most buildings in this market were built in 1988 and are Class A.