2023 Office Space Rent & Sales
- $66.06 2023 Avg. Asking Rent
- -0.54% Y-o-Y Avg. Asking Rent Change
- 15.49% 2023 Office Vacancy Rate
Foster City office price per square foot in 2023 was $66.06 on average. This marked a -0.54% change in office space price per square foot compared to the previous year. The local office market recorded an average vacancy rate of 15.49% 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
2023 Average Office Rent per Square Foot
- California Class A & A+ Office Space$56.30
- California Class B Office Space$37.45
- California Class C Office Space$44.91
Foster City, CA Office Asking Rents by Class
Office Spaces for Rent in California
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2023 Office Construction in Foster City, CA
| Office building | Address | SF | Completed |
|---|---|---|---|
| Campus at Lincoln Centre | 200 Lincoln Centre Drive, 94404 | 360,000 | 2018 |
| Parkside Towers | 1001 East Hillsdale Blvd, 94404 | 399,590 | 2001 |
| Parkside Towers | 1001-1051 Hillsdale Blvd, E., 94404 | 399,590 | 2000 |
| Metro Center III | 919 Hillsdale Blvd, E., 94404 | 144,810 | 1988 |
| Metro Center | 950 Tower Ln, 94404 | 394,086 | 1986 |
| Metro Center I | 989 Hillsdale Blvd, E., 94404 | 144,251 | 1985 |
| 989 at MetroCenter | 989 East Hillsdale Blvd, 94404 | 144,251 | 1985 |
| Century Plaza | 1065 East Hillsdale Blvd, 94404 | 115,629 | 1981 |
| Foster City Medical Pavilion | 1241 East Hillsdale Blvd, 94404 | 39,842 | 1980 |
| Hillsdale Office Center | 1291 East Hillsdale Blvd, 94404 | 39,329 | 1973 |
Worth noting among recent office completions on the Foster City market is Campus at Lincoln Centre, which is currently the largest new office development in the city, at 360,000 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 2023 through December 31st 2023. Construction pipeline data represented herein is valid as of April 2024. The information on this page was compiled using data provided by CommercialEdge, a market intelligence solution which offers comprehensive real market knowledge on all Foster 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.