Commercial Real Estate Market in Redwood City, CA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: September 30
198 active listings and 2,158 off-market properties in Redwood City, CA. Commercial property asks $685/SF to buy and $14.25/SF/Yr to lease.
Market Trends
Redwood City, CA spans 77.3 square miles in San Mateo County, California. Figures below refresh monthly; last updated 30 September 2026.
Office
Office space in Redwood City, CA asks $482/SF to buy. Vacancy runs 20.8% across the West region in 2025, up from 11% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Retail
Retail space in Redwood City, CA asks $538/SF to buy. Vacancy runs 5.8% across the West region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Industrial
Industrial vacancy in Redwood City, CA runs 7.9% across the West region in 2025, up from 3.7% in 2019. Nearly 3.2x the 2022 low of 2.5%.
Vacancy Rate % in West region
Multifamily
Multifamily space in Redwood City, CA asks $671/SF to buy. Vacancy runs 8.6% across the West region in 2025, up from 7% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in West region
Market overview
Demographics & Economy
Redwood City, CA has 112,010 residents in 41,664 households. Density runs 1,449 people per square mile. Median household income here is $163,304 and median gross rent $2,907 a month.
112,010
Population
41,664
Households
2.7
Avg Household Size
38
Median Age
53%
College-Educated
87%
High-School Grad
77.3 sq mi
ZIP Area
1,449
Density / Sq Mi
$163,304
Median Household Income
$83,472
Median Earnings
$2,907
Median Rent
$1,667,055
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| San Carlos | — | $39.32 |
| Belmont | — | — |
| Menlo Park | — | $11.08 |
Commercial property in Redwood City, CA asks $685/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Redwood City?
Commercial property in Redwood City, CA asks an average of $685 per square foot. The 6 most recent recorded sales traded at a median of $549/SF, so asking sits 25% above the achieved median. Multifamily carries the highest asking price at $671/SF.
How much does it cost to lease commercial space in Redwood City?
Asking lease rates in Redwood City, CA average $14.25 per square foot per year.
Where does Realmo's Redwood City market data come from?
Realmo compiles Redwood City, CA figures from 6 recent recorded sales, 74 active sale listings, 124 active lease listings, 2,158 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 30 September 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 74 active for-sale and 124 active for-lease listings in Redwood City, CA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 30 September 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at West region level, retail vacancy is reported at West region level and industrial vacancy is reported at West region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 30 September 2026 · report a data issue
