San Mateo Retail

San Mateo

Office Space Market Report

Number of Listings (last 90 days)
261
Median Rate ($/sqft/yr)
$59
Median Size (sqft)
3,000
As of: September 26, 2016

San Mateo County Office & Commercial Space

A 60 square mile peninsula bordered by the city of San Francisco to the south, the Pacific Ocean to the west, and San Francisco Bay to the east, San Mateo County has prime office space for rent with beach and sunshine perks. San Mateo County is home to a portion of Silicon Valley, the heart of California’s technology industry. Commercial space for rent is ideal for professional, science, and technical firms, as well as many other types of industries. In fact, 22 of the top 100 fastest growing private companies headquartered in Silicon Valley are found within San Mateo County’s boundaries. In addition, 13 of the top 25 largest software companies, 19 of the top 25 venture capital firms, and 15 of the top 25 biotech patent recipients in the Bay Area are in San Mateo County. Firms wishing to lease rental office space will rub shoulders with some of the nation’s premier technology firms.

San Mateo County Economic Overview

San Mateo County’s unemployment rate is well below both California’s and the nation’s averages. At 4.2% unemployment as of July 2014, the county ranks number two in lowest unemployment rate by county in the state. Job growth rose by 10,600 between May and June of 2014, reaching 1,107,200. Professional and business services were notably strong, creating 3,100 jobs during that time period. A continued robust economy is forecasted, with low unemployment and solid job growth in San Mateo County.

San Mateo County At A Glance

The Santa Cruz Mountains run the length of San Mateo County, which is represented by many diverse habitats, including estuarine, marine, oak woodland, redwood forest, coastal scrub, and oak savanna. Annual temperatures are a pleasantly temperate 68 degrees, with summers rarely topping 78 degrees, and winters cool in the low- and mid-50s. Central San Mateo County is known for its bayfront parks, as well as for upscale shopping and dining. Stanford University and the heart of Silicon Valley are found in southern San Mateo, and the coast is known for many quaint beach cities.

Where to Lease in San Mateo County

Large software companies, including Oracle Corporation, Check Point Software Technologies, Ltd., and Informatica Corporation can be found clustered in Redwood City, but are not exclusively in this location. South San Francisco, which is part of San Mateo County, is home to digital entertainment, venture capital-funded biotech, and biotech organizations such as Genentech, Inc., Gilead Sciences, and Onyx Pharmaceuticals, Inc. Private equity firms are mostly found in Menlo Park. Due to San Mateo’s proximity to San Francisco and to Silicon Valley, prime leasing opportunity exists for every industry.

Learn More About San Mateo County