Redwood City Office Rent Price & Sales Report

Highlights

  • The average rent for office space in Redwood City is $93.70 per square foot, 13.96% higher compared to the previous year.
  • The market’s vacancy rate stands at 37.19%, higher than the state average of California, which is 18.44%.
  • Renting Class A/A+ office space here costs $99.36 per square foot, while Class B averages $84.42 and Class C stands at $59.40.

2025 Office Space Rent & Sales

  • $93.70 2025 Avg. Asking Rent
  • 13.96% Y-o-Y Avg. Asking Rent Change
  • 37.19% 2025 Office Vacancy Rate

What is the average asking rent price for office space in Redwood City?

Average asking rents for office space here stand at $93.70 per square foot. The local office market recorded an average vacancy rate of 37.19% in 2025, unchanged from 37.19% in 2024.

Redwood City, CA Office Asking Rents by Class

What is the average office rent per square foot by property class in Redwood City?

  • Avg. Asking Rent Class A & A+$99.36
  • Avg. Asking Rent Class B$84.42
  • Avg. Asking Rent Class C$59.40

The average asking rent for Class A and A+ office space stood at $99.36 per square foot, indicating the best — and most expensive — that the market has to offer.
Class B space in Redwood City averaged $84.42 per square foot, while the average for Class C space was $59.40 per square foot.

What is the average office rent per square foot by property class in CA?

  • Avg. Asking Rent Class A & A+$58.81
  • Avg. Asking Rent Class B$37.82
  • Avg. Asking Rent Class C$22.26

For comparison, the average rent for Class A and A+ office space in California was $58.81 per square foot. The state-wide average for Class B space was $37.82 per square foot, and Class C office spaces averaged $22.26 per square foot.

Redwood City, CA Office Indicators by Submarket

In 2025, the submarket with the lowest office vacancy rate in Redwood City was Redwood City at 34.93%. Meanwhile, the highest office vacancy rate in the market was 39.71%, recorded in Redwood Shores.
Submarket Asking Rents Vacancy Rates
Redwood City $98.45 34.93%
Redwood Shores $84.54 39.71%
Data provided by Yardi Research

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2025 Office Construction in Redwood City, CA

  • Redwood City, CA Total SF completed in 2025 678,600

How much office space was built in Redwood City in 2025?

678,600 square feet of new office space was delivered across the market in the previous year. New construction included 4 properties, with an average new property size of 169,650 square feet.

What are the largest recent office completions in Redwood City?

The largest recent office completion here is ELCO Yards Building E4 - The Mill at 172,000 square feet, completed in 2025. The next largest completions are ELCO Yards Building E3 - The Loft and ELCO Yards Building E1 - The Nest.

Office building Address SF Completed
ELCO Yards Building E4 - The Mill 1303 Main Street, 94063 172,000 2025
ELCO Yards Building E3 - The Loft 121 Beech Street, 94063 155,700 2025
ELCO Yards Building E1 - The Nest 200 Lathrop St, 94063 117,000 2025
Redwood LIFE 2800 Bridge Pkwy, 94065 53,304 2019
Redwood LIFE 900 Island Dr, 94065 51,822 2019
Redwood LIFE 3200 Bridge Pkwy, 94065 51,822 2019
Redwood LIFE 3600 Bridge Pkwy, 94065 51,822 2019
Redwood LIFE 3400 Bridge Pkwy, 94065 51,822 2019
Redwood LIFE 3000 Bridge Pkwy, 94065 51,821 2019
Redwood LIFE 1300 Island Dr, 94065 50,473 2019
Data provided by Yardi Research

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Disclaimer

All information on this page is based on city-level data that includes properties equal to or larger than 25,000 square feet.
Averages were calculated based on values dated between January 1st and December 31st 2025. Construction pipeline data represented herein is valid as of January 2026.

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.