2024 Office Space Rent & Sales
- $82.22 2024 Avg. Asking Rent
- 41.59% 2024 Office Vacancy Rate
Redwood City office price per square foot in 2024 was $82.22 on average. The local office market recorded an average vacancy rate of 41.59% 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
- Redwood City Class A & A+ Office Space$86.05
- Redwood City Class B Office Space$75.07
- California Class A & A+ Office Space$60.31
- California Class B Office Space$38.42
- California Class C Office Space$26.20
Redwood City, CA Office Asking Rents by Class
2024 Office Vacancy Rates in Redwood City
| Submarket | Asking Rents | Vacancy Rates |
|---|---|---|
| Redwood City | $94.93 | 44.33% |
| Redwood Shores | $66.99 | 33.51% |
Office Spaces for Rent in California
Coworking Spaces in California
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2024 Office Construction in Redwood City, CA
- Redwood City, CA Total SF under construction in 2025 826,305
| Office building | Address | SF | Completed |
|---|---|---|---|
| ELCO Yards Building E1 - The Nest | ELCO Yards Building E1 - The Nest , 94063 | 117,000 | 2025 |
| 610 Walnut | 610 Walnut Street, 94063 | 70,443 | 2022 |
| Broadway Station | 2075 Broadway, 94063 | 114,859 | 2020 |
| 550 Allerton | 550 Allerton Street, 94063 | 78,765 | 2018 |
| 889 Winslow Street | 889 Winslow Street, 94063 | 67,417 | 2018 |
| 603 Jefferson | 603 Jefferson, 94063 | 8,070 | 2018 |
| 1629 Main Street | 1629 Main Street, 94063 | 43,010 | 2017 |
| 2114 Broadway | 2114 Broadway, 94063 | 12,789 | 2014 |
| RWC Technology Station | 500 Arguello Street, 94063 | 102,000 | 2002 |
| Towers at Shore Center | 201 Redwood Shores Pkwy, 94065 | 334,570 | 2001 |
Worth noting among recent office completions on the Redwood City market is ELCO Yards Building E1 - The Nest , which is currently the largest new office development in the city, at 117,000 square feet.
See reports for other markets
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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 CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Redwood 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 CommercialEdge can guarantee that the information provided is complete.