The typical asking rate per listing is 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 fell $13 per sqft per year. That's a 17% decline in rent.
Compared to the rest of the Silicon Valley market, the Foster City region has higher rates, and you'll need to make a great offer to be in this hot region.
In the last 90 days, 5 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 40% of the available space in the Foster City 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 12,500 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this area are approximately 4 stories. Most buildings in this area were built in 1988 and are Class A.