Redwood Shores Sublease

Redwood Shores

Office Space Market Report

Number of Listings (last 90 days)
16
Median Rate ($/sqft/yr)
$63
Median Size (sqft)
6,370
As of: February 28, 2017

Redwood Shores Rates

The typical asking rate per listing is in the $60's per square foot per year. The Redwood Shores submarket is seeing a decrease in rates. In the last 3 months, the median rate decreased $3 per sqft per year. That's a 5% decrease in rent.

Compared to the rest of the Silicon Valley market, the Redwood Shores region has greater rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Redwood Shores Listing Supply

In the last 90 days, 16 listings have been posted online, which means spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 25% of the available leases 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 on the market, so finding a space for a small business might be tough.

Even though the median size is 6,370 sqft, there are still 0 spaces below 2,000 sqft. Most properties in this area are around 4 stories. Most buildings in this area were built in 1993 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 folk. Commuting approximately 20 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 Redwood Shores.
Market Report

Market Data

Real time and historical data on commercial real estate listings in Redwood Shores.
Research