Downtown San Mateo Retail

Downtown San Mateo

Office Space Market Report

Number of Listings (last 90 days)
23
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
3,550
As of: December 4, 2016

Downtown San Mateo Rates

On average, listings lease in the $70's per square foot per year. The Downtown San Mateo region is going through a a rise in rates. In the last 3 months, the median rate rose $4 per sqft per year. That's a 6% rise in rent.

Compared to the rest of the Silicon Valley market, the Downtown San Mateo submarket has greater rates, and you'll need to make a great offer to be in this hot region.

Downtown San Mateo Listing Supply

In the last 90 days, 23 listings have been posted online, which means office spaces most likley are going fast. You'll want to be prepared to make an offer immediately. About 9% of the listings in the Downtown San Mateo are subleases, so you will probably have to consider a longer term lease. 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 3,550 sqft, there are still 0 new listings below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this market were built in 1968 and are Class B.

Downtown San Mateo Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Utilities is the dominant industry in this area. Commute by taxi is the most popular way to get to work amongst Downtown San Mateo folk. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in Downtown San Mateo.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Downtown San Mateo.
Research