On average, listings lease in the $60's per square foot per year. The Redwood Shores region is experiencing a a boost in rates. In the last 3 months, the median rate rose $3 per sqft per year. That's a 5% increase in rent.
Compared to the rest of the Silicon Valley market, the Redwood Shores submarket has greater rates, and you'll need to pay a premium to be in this hot region.
In the last 90 days, 18 listings have been listed, which means spaces might be leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 22% of the available leases in the Redwood Shores 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.
Even though the median size is 5,980 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area 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 folk. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.