The typical asking rate per listing is in the $60's per square foot per year. The Redwood Shores region is seeing a decline in rates. In the last 3 months, the median rate decreased $6 per sqft per year. That's a 8% decline in rent.
Compared to the rest of the Silicon Valley market, the Redwood Shores submarket has higher rates, and you'll need to pay a premium to be in this hot submarket.
In the last 90 days, 16 listings have been made available, which means leases might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 31% 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 available, so finding a space for a small business might be tough.
Even though the median size is 8,170 sqft, there are still 0 listings below 2,000 sqft. Most buildings in this market 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 occupants. Commuting around 20 minutes a day is the norm for those who opt to reside in this part of town.