Redwood, CA Office Overview
Redwood City includes the Ampex, Fair Oaks, and Harbor submarkets. While it has a population of about 85,000, it’s also part of the San Francisco Bay area, which is home to over 7 million people, creating consistent demand for Class A office space.
As of mid-2017, the market encompasses nearly 10 million square feet of existing office space in properties larger than 50,000 square feet. Located almost equidistant between the cities of San Francisco and San Jose, the commercial real estate market is largely driven by the numerous high-tech companies within the city.
Redwood, CA Office Inventory Description
In addition to the abundance of high-tech businesses, the Port of Redwood City is the only deep-water port in the bay south of San Francisco. Because of this deep mix of industries, there is robust demand for Class A office space here. Class A office space accounts for about 70% of the total inventory, with Class B accounting for another 29%.
Downtown sees strong demand for Class A office space. Located between the Bayshore Freeway and Route 82 just north of Jefferson Avenue, this neighborhood is home to prime properties such as 702 Marshall Street, Brugger Building on Main Street, and RWC Technology Station.
Redwood City, CA Commercial Inventory Breakdown
Total: 15,243,870 SF
By square footage range:
- 50k to 100k SF: 3,660,217 SF / 24.01% of total office
- 100k to 500k SF: 9,131,467 SF / 59.9% of total office
- 500k to 1M SF: 887,186 SF / 5.82% of total office
- > 1M SF: 1,565,000 SF / 10.27% of total office
- Class A: 8,112,917 SF / 53.22% of total office
- Class B: 3,373,627 SF / 22.13% of total office
- Class C: 153,463 SF / 1.01% of total office
Top 10 Largest Office Buildings
in Redwood City
|Office building||Address||Sqft||Year built|
|Sequoia Station - Redevelopment||NEC El Camino Real & Jefferson Avenue, 94063||1,565,000||n/a|
|Electronic Arts Campus||207 Redwood Shores Pkwy, 94065||369,204||1998|
|300 Oracle||300 Oracle Pkwy, 94065||338,883||1991|
|Harbor View Place - Building 1||320 Blomquist Avenue, 94063||295,321||n/a|
|600 Oracle||600 Oracle Pkwy, 94065||294,549||1998|
|Pacific Shores Center - 1600 Seaport Blvd||1600 Seaport Blvd, 94063||283,015||2001|
|Pacific Shores Center - 1400 Seaport Blvd||1400 Seaport Blvd, 94063||283,015||2001|
|400 Oracle||400 Oracle Pkwy, 94065||282,195||1990|
|10 Twin Dolphin Drive||10 Twin Dolphin Drive, 94065||262,260||1980|
|Harbor View Place - Building 3||340 Blomquist Street, 94063||255,050||n/a|
Most Recently-Built Office Buildings
in Redwood City
|Office building||Address||Sqft||Year built|
|900 Barron Avenue||900 Barron Avenue, 94063||36,591||2019|
|Cardinal Hall||505 Broadway, 94063||172,105||2018|
|601 Marshall||601 Marshall Street, 94063||142,300||2018|
|550 Allerton||550 Allerton Street, 94063||78,765||2018|
|889 Winslow Street||889 Winslow Street, 94063||67,417||2018|
|1629 Main Street||1629 Main Street, 94063||43,010||2017|
|Crossing 900 - 900 Jefferson||900 Jefferson Avenue, 94063||226,197||2015|
|Crossing 900 - 900 Middlefield||900 Middlefield Road, 94063||119,505||2015|
|Fair Oaks Health Center||2710 Middlefield Road, 94063||36,000||2013|
|250 Shoreline Drive||250 Shoreline Drive, 94065||155,000||2003|
Redwood, CA Green Office Space
While San Francisco ranks #2 and San Jose ranks #18 for large, energy efficient office buildings, the amount of green office space in Redwood City still continues to grow. The city has nearly 500,000 square feet of Energy Star-rated, LEED-Certified office buildings larger than 50,000 square feet. One such example is Shorebreeze I. This Class A property is in the Dolphin submarket and is over 112,000 square feet of LEED-Certified Gold office space.
Due to the number of cutting-edge, high technology companies in Redwood City and the surrounding region, the importance of green office space to both tenants and investors cannot be overstated. The most recent National Green Building Adoption Index report was completed in 2017 and surveyed the top 30 office markets in the U.S. and discovered that the percentage of LEED-Certified and EPA Energy Star-rated office buildings has grown to an average of 38% across these top markets, up from less than 5% back in 2005.
Redwood, CA's Top Office-Using Sectors
Redwood City continues to see robust demand from top sectors like high tech, government, health, and corporate headquarters.
- High Technology – Silver Spring Networks, Equinix, Pacific Data Images, and Starvista.
- Government – The County of San Mateo and the Redwood City School District.
- Healthcare – Sequoia Hospital, Stanford Hospital & Clinics, and Kaiser Foundation Hospitals.
- Corporate Headquarters – Box, Oracle, Evernote, Wealthfront, and Electronic Arts.
FREQUENTLY ASKED QUESTIONS
How much does office space cost in Redwood City, CA?
The average office rental rate in Redwood City, CA is $62.67 per square foot. Asking prices vary based on the property’s location, overall rating, amenities, proximity to restaurants, cafes and entertainment venues, as well as public transport, airports and highways.
What is the size of available office spaces in Redwood City, CA?
The Redwood City, CA office market can accommodate various businesses, sporting a range of office space availabilities. The average size of office space availabilities is 148,134 square feet. If you’re just starting out as a company or as an entrepreneur, the smallest available office space in Redwood City, CA is 946 square feet, while the maximum rentable space on the market now is 295,321 square feet.
How do I get office space in Redwood City, CA?
Start your search for office space in Redwood City, CA by using our filters that allow you to find the best space for your business needs. Filter listings by location, property size, available space or lease rate. Property pages will offer details about an office building’s rating, year built, availabilities, price per square foot and more. After drawing up a shortlist, make sure you contact the listed broker(s) to schedule a viewing and begin the negotiation process for your lease contract.
How many office listings are available in Redwood City, CA?
There are 131 office listings on the Redwood City, CA market.
Redwood City Demographics
- Total Population85,217
- Male Population(50.2 %) 42,750
- Female Population(49.8 %) 42,467
- Median Age36.60
- Average Household Income$147,533
- Median Household Income$107,469
- Median Income Under 25$96,250
- Median Income 25-44$127,304
- Median Income 45-64$113,769
- Median Income Over 65$66,686
TMG Signs ORACLE at 1330 Broadway in Oakland
April 25, 2017
TMG Partners announced it has signed a six-year lease with Oracle for 16,000 square feet at 1330 Broadway. The 18-story, 328,427-square-foot Downtown Oakland office building will accommodate the Redwood City-based tech corporation on the 17th floor. The Class A office building was originally con...