Downtown San Mateo Sublease

Downtown San Mateo

Office Space Market Report

Number of Listings (last 90 days)
24
Median Rate ($/sqft/yr)
$71
Median Size (sqft)
3,550
As of: December 10, 2016

Downtown San Mateo Rates

The typical asking rate per listing is in the $70's per square foot per year. The Downtown San Mateo submarket is going through a an increase in rates. In the last 3 months, the median rate increased $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 more expensive rates, and you'll have to negotiate above asking rent to be in this hot submarket.

Downtown San Mateo Listing Supply

In the last 90 days, 24 listings have come on the market, which means office spaces might be going fast. You'll want to be prepared to tour spaces as quick as possible. About 13% of the available leases in the Downtown San Mateo are subleases, so you might be able to snag a great spot on a short term. 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 listings below 2,000 sqft. Most buildings in this region are close to 3 stories. Most buildings in this region 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 region. Commute by taxi is the most popular way to get to work amongst Downtown San Mateo residents. 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