2024 Office Space Rent & Sales
- $68.35 2024 Avg. Asking Rent
- 4.49% Y-o-Y Avg. Asking Rent Change
- 36.54% 2024 Office Vacancy Rate
Foster City office price per square foot in 2024 was $68.35 on average. This marked a +4.49% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 36.54% across all asset classes combined.
See how this market compares to the national average: U.S. office space rent & sales.
Average Rent by Office Class
2024 Average Office Rent per Square Foot
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Foster City, CA Office Asking Rents by Class
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2024 Office Construction in Foster City, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Parkside Towers | 1001-1051 Hillsdale Blvd, E., 94404 | 399,590 | 2000 |
| Metro Center III | 919 Hillsdale Blvd, E., 94404 | 144,810 | 1988 |
| Metro Center | 950 Tower Lane, 94404 | 724,748 | 1986 |
| Metro Center | 950 Tower Ln, 94404 | 394,086 | 1986 |
| Metro Center I | 989 Hillsdale Blvd, E., 94404 | 144,251 | 1985 |
| Lincoln Centre Dr | 101 Lincoln Centre Dr, 94404 | 110,000 | 1983 |
| Foster City Medical Pavilion | 1241 East Hillsdale Blvd, 94404 | 39,842 | 1980 |
| Hillsdale Office Center | 1291 East Hillsdale Blvd, 94404 | 39,329 | 1973 |
| 1118 Chess Dr | 1118 Chess Dr, 94404 | 4,472 | 1968 |
Worth noting among recent office completions on the Foster City market is Parkside Towers, which is currently the largest new office development in the city, at 399,590 square feet.
See reports for other markets
- Los Angeles Office Rent Price
- San Francisco Office Rent Price
- San Diego Office Rent Price
- Sacramento Office Rent Price
- San Jose Office Rent Price
- Irvine Office Rent Price
- Fresno Office Rent Price
- Oakland Office Rent Price
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This market stats report is based on analysis of city-level data that includes office properties equal to or larger than 25,000 square feet in size. Averages were calculated based on values dated January 1st 2024 through December 31st 2024. Construction pipeline data represented herein is valid as of February 2025. The information on this page was compiled using data provided by Yardi Research Data, a market intelligence solution which offers comprehensive real market knowledge on all Foster City commercial properties sized 25,000 square feet or larger.
While every effort was made to ensure the accuracy of the data presented in this report, the information is provided “as is” and neither CommercialCafe nor Yardi Research Data can guarantee that the information provided is complete.