2020 Office Space Rent & Sales
- $72.62 2020 Avg. Asking Rent
- 9.05% 2020 Office Vacancy Rate
Redwood City office price per square foot in 2020 was $72.62 on average. The local office market recorded an average vacancy rate of 9.05% across all asset classes combined.
Average Rent by Office Class
2020 Average Office Rent per Square Foot
- Redwood City Class A Office Space$81.40
- Redwood City Class B Office Space$60.38
- California Class A Office Space$55.92
- California Class B Office Space$35.12
- California Class C Office Space$23.50
Redwood City, CA Office Asking Rents by Class
2020 Office Vacancy Rates in Redwood City
|Submarket||Asking Rents||Vacancy Rates|
2020 Office Construction in Redwood City, CA
- Redwood City, CA Total SF completed in 2020 102,079
- Redwood City, CA Total SF under construction in 2021 354,849
During 2020, 102,079 square feet of new office space were delivered across the market. At the close of 2020, the Redwood City office inventory included 1 buildings equal to or larger than 25,000 square feet, which comprised 102,079 square feet of office space. Looking forward, development activity throughout 2021 is estimated to add 354,849 square feet of office space to the market, before year-end.
|610 Walnut||610 Walnut St, 94063||70,443||2021|
|Crossing 900 - 900 Middlefield||900 Middlefield Road, 94063||119,505||2015|
|2114 Broadway Street||2114 Broadway Street, 94063||11,142||2014|
|2965-2983 Woodside Road||2965-2983 Woodside Road, 94061||11,200||2002|
|Pacific Shores Center - 1400 Seaport Blvd||1400 Seaport Blvd, 94063||283,015||2001|
|Pacific Shores Center - 1500 Seaport Blvd||1500 Seaport Blvd, 94063||164,732||2001|
|Pacific Shores Center - 2000 Seaport Blvd||2000 Seaport Blvd, 94063||141,180||2001|
|TOWERS AT SHORES CENTER||203 Redwood Shores Pkwy, 94065||0||2001|
|Towers @ Shores Center I||201 Redwood Shores, 94065||140,000||2000|
|The Pointe at Redwood Shores||1201 Radio Road, 94065||89,455||2000|
Worth noting among recent office completions on the Redwood City market is 610 Walnut, which is currently the largest new office development in the city, at 70,443 square feet.
See reports for nearby markets
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 2020 through December 31st 2020. Construction pipeline data represented herein is valid as of April 2021. 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.