Redwood Shores Sublease

Redwood Shores

Office Space Market Report

Number of Listings (last 90 days)
Median Rate ($/sqft/yr)
Median Size (sqft)
As of: October 20, 2016

Redwood Shores Rates

On average, listings lease in the $70's per square foot per year. The Redwood Shores submarket is experiencing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 7% decrease in rent.

Compared to the rest of the Silicon Valley market, the Redwood Shores region has higher rates, and you'll need to make a great offer to be in this hot submarket.

Redwood Shores Listing Supply

In the last 90 days, 17 listings have been made available, which means spaces most likley are leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 29% of the listings in the Redwood Shores are subleases, so you might be able to find a shorter term or below market rent. 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 11,300 sqft, there are still 0 spaces below 2,000 sqft. Most buildings in this market are close to 5 stories. Most buildings in this region were built in 1991 and are Class A.

Redwood Shores Community

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 market. Commute by bike is the most popular way to get to work amongst Redwood Shores residents. Commuting approximately 20 minutes a day is the norm for those who opt to reside in this part of town.