Most listings are in the $80's per square foot per year. The Redwood Shores region is seeing a a boost in rates. In the last 3 months, the median rate went up $6 per sqft per year. That's a 8% rise in rent.
Compared to the rest of the Silicon Valley market, the Redwood Shores region has more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.
In the last 90 days, 16 listings have been listed, which means leases are probably leasing quickly. You'll want to be prepared to tour spaces as quick as possible. About 75% of the office spaces 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 posted, so finding a space for a small business might be tough.
Even though the median size is 5,080 sqft, there are still 0 office spaces below 2,000 sqft. Most properties 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 region. 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.